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svet-max [94.6K]
2 years ago
6

Consider the two savings plans below. Compare the balances in each year after 14 years. Which person deposited more money in the

plan? Which of the two investment strategies is better?
Yolanda deposits $250 per month in an account with an APR of 4%, while Zach deposits $3000 at the end of each year in an account with an APR of 4%
Mathematics
1 answer:
zhuklara [117]2 years ago
3 0

The balance in Yolanda's saving plan after 14 years is; $9,455.36

<h3>How to calculate future value?</h3>

We want to find the balance in Yolanda's saving plan after 14 years.

For Yolanda;

PV = 0

PMT = 250

i% = 4%/12 = 0.33%

N = 14 yrs * 12 = 168

FV = ?

For Zach:

PV = 0

PMT = $3300

i% = 4%

N = 14 yrs

FV = ?

From online future value calculator, we have;

Yolanda FV = $9,455.36

Zach FV = $47,204.19

Read more about Future Value at; brainly.com/question/24703884

#SPJ1

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Eduardwww [97]

Answer:

7 Hours

Step-by-step explanation:

Given The lawyer charges $100 per month for a client.

Also he charges $75 per hour

Let the hours he worked for the client be x

The money the lawyer gets from the hourly charges is $75x

The total money the lawyer charged is $625

total money = monthly charges + hourly charges

625=100 + 75x

75x=525

x=525/75=7

Therefore the lawyer has to work for 7 hours to charge $625

7 0
3 years ago
Mark buys a wooden board that is feet long. The cost of the board is $1.50 per 5 1/4 foot, including tax. What is the total cost
Lelechka [254]
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2 years ago
I dont understand please help Which expression is equivalent to 8-(6r+2) A -6r+6 B 2r+2 C 6r+10 D -6r+10
Goryan [66]

Answer:

-6r+6

Step-by-step explanation:

Given data

We are given the expression

8-(6r+2)

let us expand it by opening the bracket

=8-6r-2

collect like terms

=8-2-6r

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rearrange

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3 years ago
A soccer field has a perimeter of 326 metres. Its area is 6370 square metres. What are the dimensions of the field?
Burka [1]

Answer:

Step-by-step explanation:

chiều dài:x,x>0

chiều   rộ:y

\left \{ {({x+y)*2=326} \atop {xy=6370}} \right.

\left \{ {{x+y=163} \atop {xy=6370}} \right.

\left \{ {{y=163-x} \atop {xy=6370}} \right.

\left \{ {{y=163-x} \atop {x*(163-x)=6370}} \right.

\left \{ {{y=163-x} \atop {163x-x^{2} =6370}} \right. \\

\left \{ {{y=163-x} \atop {x_{1} =98; x_{2} =65}} \right.

\left \{ {{y=65} \atop {x=98}} \right.

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2 years ago
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