1 year ago

Half of number q is 4

Mathematics

1 answer:

Anastaziya [24]1 year ago

8 0

1/2 (1q) = 4

insert extra text here

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Suppose you have $10,000 to invest. Which investment yields the greater return over 7 years: 6.6% compounded monthly or 6.7% com

joja [24]

Answer:

C) $10,000 invested at 6.7% compounded quarterly over 7 years yields the greater return.

Step-by-step explanation:

-We determine the effective interest rate in both scenarios and use it to calculate the investment's value after 7 years.

#Given n=7yrs, P=$10,000 and i=6.6% compounded monthly:

$i_m=(1+i/m)^m-1\\\\=(1+0.066/12)^{12}-1=0.06803\\\\\therefore A=P(1+i_m)^n\\\\=10000(1.06803)^7\\\\\approx \$15,852.00$

#Given n=7rs, P=10000, i=6.7%

$i_m=(1+i/m)^m-1\\\\=(1+0.067/4)^{4}-1=0.06870\\\\\therefore A=P(1+i_m)^n\\\\=10000(1.06870)^7\\\\\approx \$15,921.75$

Hence, the investment has the largest value($15,921.75) when the interest rate is compounded quarterly.

8 0

2 years ago

You have a string.

marysya [2.9K]

That's pretty much a tricky question though

3 0

3 years ago

Read 2 more answers

Area of square floor is 100 square centimeters,and the scale of the drawing is 1 centimeter:2ft,what is the area of the actual f

Taya2010 [7]

100 square centimeters means the dimensions are 10x10
but the actual floor will be 1cm:2ft
so 10cm=20feet
making the dimensions 20feetx20feet
the area of the actual floor is 400 feet

4 0

2 years ago

Simplify.

Hoochie [10]

C might be the answer

7 0

3 years ago

7176 rounded to 1 significant figure

kati45 [8]

Answer:

7000

Step-by-step explanation:

8 0

2 years ago