Answer:
Step-by-step explanation:
72 ÷ 4
18
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
24:15 would be the simplified version, if that's what you meant.
Answer:
uhh, look it up
Step-by-step explanation:
Line 1 to 2: Commutative Property of Multiplication, because all that changed was the order of the things being multiplied.
Line 2 to 3: Commutative Property of *Addition*, because all that changed was the order of the things being added.
All that changed in either step was the ordering of the things being multiplied or added. That’s the commutative property.
