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3 years ago

6

Please show the work.

1 answer:

SSSSS [86.1K]3 years ago

4 0

[email protected]% for 20 years =1000000x(1.01)^20=1000000x1.22019=$1220190
[email protected]%, daily, for 20 years=200000 x (1+.1/360)^7200=200000x(1.000278)^7200=$ 1477400.84
b.200000 x (1.1)^20=$1345500
This still yields more than the first choice
☺☺☺☺

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