1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
I had a dream of a beautiful cupcake tree, growing 4 loveee cupcakes every 12 hours for 36 hours. Please make my dream come true
weqwewe [10]

Answer: sounds sweet:)

Step-by-step explanation:

7 0
2 years ago
Elliot has a total of 26 books. he has 12 more fiction books than nonfiction books. let x represent the number of fiction books
KIM [24]

Answer:

X+Y=26

X-Y=12

Step-by-step explanation:

fiction books= X

non fiction books= Y

then,

fiction books= X

non fiction books = X-12

but Y= X - 12

from. the statement,

X+Y = 26

X-Y=12

6 0
2 years ago
Of the Day
Nadya [2.5K]

Answer:

8+8+9+9.. so the answer is 34 yards.

Step-by-step explanation:

6 0
3 years ago
Help this is due today
Gelneren [198K]

Answer:

2 1/2 I think

Step-by-step explanation:

you find the L.C.M for all the fractions and multiply it. You should end up with whole numbers.

It should look like this

2n+3n=2

n= <u>2n+3n</u><u> </u> = <u>5</u>

2 2

n= 2 1/2

8 0
2 years ago
1 /2 + 3/ 4 ÷ 1/3 –1( they are fractions)
marysya [2.9K]

Answer:

2 2/4

Step-by-step explanation:

5 0
2 years ago
Read 2 more answers
Other questions:
  • Find the 6th term of the expansion of (2p - 3q)11. a. -7,185,024p4q7 c. -7,185p4q7 b. -7,185,024p6q5 d. -7,185p6q5
    6·2 answers
  • The total surface area of a cube is 1734 in squared. What is the length of each side of the cube?
    14·1 answer
  • What happens if you have a same number in a box plot
    14·1 answer
  • Maria's dinner bill is $21.89 after tax. If she wants to leave a15% tip, what will the total cost of the dinner be?a. $24.22b. $
    8·2 answers
  • 30 POINTS
    6·1 answer
  • 5/4 * 6/7 Multiply. Write your answer as a fraction in simplest form. Thank you btw
    6·2 answers
  • A shirt boutique purchased 100 new shirts for $1072. The short-sleeved shirts cost $10 each and the long-sleeved shirts cost $12
    12·2 answers
  • Tell whether (5. 10) is a solution of y = 6x – 18
    6·1 answer
  • How many ml are there in one L​
    7·2 answers
  • Write an equation for the nth term of each geometric sequence: <br> 1) 2,-6,18,…<br> 2) 5,10,20,…
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!