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PSYCHO15rus [73]
3 years ago
11

Investment A pays 8 percent simple interest for 10 years. Investment B pays 7.75 percent compound interest for 10 years. Both re

quire an initial $10,000 investment. The future value of A minus the future value of B is equal to ________ (to the nearest penny).
Business
1 answer:
Dafna11 [192]3 years ago
4 0

Answer:

$3.344,67

Explanation:

Investment A( Simple interest) =  Cf= Ci x(1+(ixn)) = $10.000 x(1+0,0775*10)=

$17.750

Investment B (Compound interest)= Cf= Ci x(1+i)^n = $10.000 (1+0,0775)^10=

$ 21.094,67

A - B = $17.750 - 21.094,67 =  - $3.344,67

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ira [324]
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Explanation:

Here is the complete question:

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The utility cost here will be classified as a mixed cost. A mixed cost is a type of cost that has both fixed and variable cost. At 0 units, $120 was already spent. This shows that this cost is a fixed cost as it doesn't have anything to do with output. It'll still be paid regardless of the number of outputs while the other cost incurred are variable cost which is dependent on the number of outputs of goods.

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cestrela7 [59]
PRESEdent <span>can limit the amount of time to debate a bill</span>
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