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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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Answer: 3

Step-by-step explanation: There can be none, one, or infinite solutions. Therefore there can be up to three possible solutions to an inequality.

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If collecte 63 cans which is 21%. How many cans are 46%. And how many is 33% ?
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2 years ago
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James answered 14 items correctly on a 16-item quiz. what percent did he answer correctly?
Troyanec [42]
So,

I like to simplify a fraction first.  This is what I do when I'm in a store trying to find the unit price.

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Multiply it out.
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In my head, I remember that one-eighth is equal to 0.125.

So seven-eighths is equal to 0.125 times 7.
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Convert to percent form.
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James answered 87.5% of his quiz correctly.

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