C. Savings account B because it has more compounding periods per year.
Step-by-step explanation:
Step 1:
Savings account A has an APR of 5% which compounds interest semiannually. This means that savings account A compounds twice in a year. If account A compounds 5% a time, it would compound 5(2) = 10% in a single year.
Step 2:
Savings account B also has an APR of 5% which compounds interest quarterly. This means that savings account B compounds four times in a year. If account B compounds 5% a time, it would compound 5(4) = 20% in a single year.
Step 3:
Savings account A gets an interest of 5% a year while savings account B gets an interest of 10% so account B offers a higher APR because of more compoundings in a year.
Hi!
7 + (-3) = 7 - 3 = 4
The correct answer is C.) 4.
Hope this helps!
Answer:
(D)$2079.23
Step-by-step explanation:
If I borrowed $11,250 from the bank to buy a used car. You will pay the bank back in 5 years with 3.45% interest compounded annually, then:
Principal=$11,250
Time=5 years
Rate=3.45%
Since it is compounded annually, our compound interest will be derived using this formula:
Interest=Amount at the end of 5 years - Principal
where:
Amount,
Therefore our Interest=13329.23-11250 =$2079.23
Answer: what does they K stand for
Step-by-step explanation:maybe I can help you