Answer:
Keir will have the most money to spend on a new boat at the end of the five years; $1,440
Explanation:
Three friends decide that they each want to be able to buy a new boat in five years. Vanore puts $1,000 in a savings account with a simple interest rate of 4.5%. Keir invests $1,200 in a standard savers account with a simple interest rate of 4%. Omar invests $950 in a junior achievers account with a 6% annual compound interest rate. Who will have the most money to spend on a new boat at the end of the five years?
Vanore puts $1,000 in a savings account with a simple interest rate of 4.5%.
Vanore:
I = p * r * t
= 1000 * 0.045 * 5
= $225
I = $225
After 5 years, Vanore will have $1000 + $225
= $1225
Keir invests $1,200 in a standard savers account with a simple interest rate of 4%
Keir:
I = p * r * t
= 1200 * 0.04 * 5
= 240
I = $240
After 5 years, Keir will have $1200 + $240
= $1,440
Omar invests $950 in a junior achievers account with a 6% annual compound interest rate.
Omar:
A = P (1 + r)^t
= 950(1 +0.06)^5
= 950(1.06)^5
= 950(1.3382)
= 1271.1
A = $1,271.1
After 5 years, Omar will have $1,271.1
Keir will have the most money to spend on a new boat at the end of the five years; $1,440
In a free enterprise system, what drives individuals to risk their savings in a business venture IS THE POTENTIAL FOR PROFITS.
In a free enterprise system, the forces of supply and demand is what determines what happen in the market, so there is a great potential for producers to make huge profits if they engage in producing the right products.The tendency of making profits is what makes many people to establish business in free enterprise system.
Troponin binds to Ca2+ from the sarcoplasmic reticulum. The propagation of an action potential along a skeletal muscle fiber causes the release of Ca2+.
What is a cross-bridge cycle?
As seen by the cross-bridge cycling, the action of the contractile proteins shortens muscles. The cross-bridge muscular contraction cycle can be seen in many types of muscles, including cardiac, smooth, and skeletal muscles. Therefore, when riding across bridges, all muscle groups contract.
What transpires in skeletal muscle during a cross bridge cycle?
The Pi dissociates after the myosin creates a cross-bridge with actin, causing the myosin to proceed through the power stroke and shorten the sarcomere, which lowers its energy state. In order to dismantle the cross-bridge
To know more about cross bridge cycle visit:
brainly.com/question/7031861
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D. most important to you.
A. friendship or C. trust
The importance of cataracts are that they act as defensive barriers to keep away the intruders or attackers. This helped Egypt thrive for some while, until it was later attacked from the west.
