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
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
You might be interested in
Henry is an avid reader. He devours 90 pages in half an hour. How many pages has Henry read per minute
Sonja [21]

Answer:

you answer is 3 pages per minute

Step-by-step explanation:

devours 90 pages half an hour and so that means in one hour he would devour 180 pages.  

well all you have to do is divide 90 by 30

90/30 = 3


6 0
3 years ago
Read 2 more answers
PLEASE HELP ASAP 25 PTS + BRAINLIEST TO RIGHT/BEST ANSWER
Dahasolnce [82]

Factor by using the rational roots test, and find that -2 is a root.

Replace X with -2 and simplify each term.

Divide the polynomial by (x+2)

The final answer becomes x = -2 and x = -1/2 +/-√3/2i

The first choice is the correct one.

5 0
3 years ago
30 PTS. + BRAINLIEST PLS HELP AZAP!!!
Papessa [141]

Answer:

C and E would be your Answer!

7 0
3 years ago
Which of the following statements correctlydescribes the points
gregori [183]

The first statement is correct

To calculate the distance we have to substrate the values of the Y axis only since X values are constant so the distance IS 4 - - 7=4+7=11

4 0
2 years ago
Read 2 more answers
G(x)=17-2/3x;g(6)<br><br> please help me i only have 5 mins left
marishachu [46]

Answer:

13

Step-by-step explanation:

17 - 2/3(6)

17 - 4

13

sub in 6 for x to find g(6) instead of g(x)

4 0
2 years ago
Other questions:
  • Games visual effects are an example of gameplay.<br> A: true<br> B false
    10·2 answers
  • How do you factor a polynomial when one root has been given
    5·2 answers
  • Pic included PLEASE help
    6·1 answer
  • Write forty-eight out as a hundred as a hundred as a fraction in simplest form.
    13·2 answers
  • How many 6s go into 143
    12·2 answers
  • An athlete runs 1 mile along a normal 400m athletic track and finishes exactly on the finish line. Where did he start from? ( 1
    14·1 answer
  • B)<br> Work out the size of one interior angle.<br> NEED HELP WITH B <br> thanks everyone
    9·1 answer
  • CAN SOMEONE HELP ME I'M NOT GOOD AT MATH
    15·2 answers
  • 1/4 is to 1/5 as 20 is to what, please help
    10·1 answer
  • Could i have some help?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!