Tavius would earn his best value if he invests in a three-year certificate of deposit with a nominal interest rate of 4 percent.
Tavius would invest in the option that yields the highest interest. This is the best value. In order to determine which option is the best, the interest rate of each option has to be determined.
<em><u>Interest rate of the first option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 2 = $150
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<em><u>Interest rate of the second option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 1 = $75
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<em><u>Interest rate of the third option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.04 x 3 = $300
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<em><u>Interest rate of the fourth option</u></em>
FV = P x (1 + r) n
$2500 x (1.03) = $75
A similar question was answered here: brainly.com/question/24748787?referrer=searchResults
Answer: 1 hour 20 minutes
<u>Step-by-step explanation:</u>
Let's figure out how long it would take 1 person to dig the hole and then divide that number by 9 (since they are sharing the workload).
Answer:
Step-by-step explanation:
We are given the following recursive formula:
And consider 
a2
a3
a4
7*60 = 420
810/420 = 1.9285
93- 100 = 53-60
subtract 40 from 93.
1.53*8 = 12.24
Answer: 12 hours and 24 Minutes
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