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Mnenie [13.5K]
2 years ago
14

Ursula Vanov can invest $5,000 in a 1-year CD at 3% compounded monthly or a 1-year CD compounded daily. Determine the amount at

maturity of each investment. What is the difference in the amounts?

Mathematics
1 answer:
Aliun [14]2 years ago
7 0
Solving for the amount of maturity given that it is compounded monthly for 1 year with an interest of 3%, we have the formula and solution below:
A = P (1+r/n)^rn 
A = $5,000 (1.040417)
A =$5202.085

For compounded daily, we have the solution below:
A = $5,000 (1.040443)
A = $5202.215

The difference in amount is shown below:
Difference = $5202.215 - $5202.085
Difference = $0.13
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Irina18 [472]

Answer:

16.34 square inches.

Step-by-step explanation:

Given:

Base of triangle, b = 3 inches

Height of triangle, h = 10.89 inches

Question asked:

What is the area of this triangle in square inches?

Round your answer to the nearest hundredths place .

Solution:

As we know,

Area\ of\ triangle =\frac{1}{2} \times base\times height

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As, we have to find the answer to the nearest hundredths place, hence the area of triangle will be 16.34 square inches.

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3 years ago
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Tcecarenko [31]
5/8 + 1/4 = (5+2)/8 = 7/8
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3 years ago
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A volleyball uniform costs $15 for the shirt, $12 for shorts, and $8 for socks. Which expression applies the distributive proper
bixtya [17]

Answer:

I think it would be 350$

Step-by-step explanation:

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Then you would have to actually distribute which would give you 120+80+150

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3 years ago
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gayaneshka [121]
To get the probability that at least 8 of the words on the test are words that students know we need to do the following calculations.

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2 years ago
Need answer for this ratios question
Tom [10]

Answer: 4:1

Step-by-step explanation: I think the answer is 4:1. I think this because 20% of 2500, would be 500. So 2500-500=2000. So the ratio would be 2000:500. Then we simplify 2000:500, by dividing 2000 by 500, and dividing 500 by 500. 500 / 500 = 1. 2000 / 500 = 4, so the answer is 4:1. (I am sorry if I am incorrect)

7 0
2 years ago
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