suppose you have $11000 to invest. which of the two rates would yield the larger amount in 5 years: 6% compounded monthly or 5.8
6% compounded continuously?
1 answer:
Answer:
6% monthly
Step-by-step explanation:
The monthly rate being compounded when the interest is 6% per year is ...
6%/12 = 0.5%
so the multiplier each month is
1 + 0.5% = 1.005
___
The monthly multiplier when 5.86% is compounded continuously is ...
e^(5.86%/12) ≈ 1.004895
The 6% rate will give a larger yield after any length of time.
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Answer:
2/5
Step-by-step explanation:
start by 8*5 then 10 times 10 then simplify
The answer is C an example is 20% of $20 is 4, so you would lose the zero and double the 2 to get 4
Answer:
2.75
Step-by-step explanation:
55-11(4)=2.75
2.75+11=13.75
13.75x4=55
Y intercept : (0,-15)
X intercept : (3,0)
Slope : (0 - (-15)) / (3-0) = 15 / 3 = 5
Answer:
-2x = -60
Isolate x and simplify.
2x = 60
x = 30
Straight vertical line through x=30.
