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Tanya [424]
3 years ago
11

Suppose you have $10,000 to invest. Which investment yields the greater return over 7 years: 6.6% compounded monthly or 6.7% com

pounded quarterly? A) Both investment plans yield the same return. B) $10,000 invested at 6.6% compounded monthly over 7 years yields the greater return. C) $10,000 invested at 6.7% compounded quarterly over 7 years yields the greater return.
Mathematics
1 answer:
joja [24]3 years ago
8 0

Answer:

C) $10,000 invested at 6.7% compounded quarterly over 7 years yields the greater return.

Step-by-step explanation:

-We determine the effective interest rate in both scenarios and use it to calculate the investment's value after 7 years.

#Given n=7yrs, P=$10,000 and i=6.6% compounded monthly:

i_m=(1+i/m)^m-1\\\\=(1+0.066/12)^{12}-1=0.06803\\\\\therefore A=P(1+i_m)^n\\\\=10000(1.06803)^7\\\\\approx \$15,852.00

#Given n=7rs, P=10000, i=6.7%

i_m=(1+i/m)^m-1\\\\=(1+0.067/4)^{4}-1=0.06870\\\\\therefore A=P(1+i_m)^n\\\\=10000(1.06870)^7\\\\\approx \$15,921.75

Hence, the investment has the largest value($15,921.75) when the interest rate is compounded quarterly.

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Plese help i need the answer
Sladkaya [172]

Using linear function concepts, it is found that:

a) The initial value is of 3 and the rate of change is of 20.

b) The rate of change means that for <u>each hour, the cost increases by 3 Dhs</u>, while the initial value means that <u>a flat fee of 20 Dhs is paid</u>.

<h3>What is a linear function?</h3>

A linear function is modeled by:

y = mx + b

In which:

  • m is the slope, which is the rate of change, that is, by how much y changes when x changes by 1.
  • b is the y-intercept, which is the value of y when x = 0, and also can be considered as the initial value.

In this problem, the function that gives the charge C for renting a bicycle for h hours is:

C(h) = 3h + 20

Item a:

Comparing to the standard function, we have that:

  • The initial value is of 3 and the rate of change is of 20.

Item b:

The rate of change means that for <u>each hour, the cost increases by 3 Dhs</u>, while the initial value means that <u>a flat fee of 20 Dhs is paid</u>.

You can learn more about linear function concepts at brainly.com/question/24808124

6 0
3 years ago
What is the equivalent ratio of 9:3 ?
Stells [14]
3:1 should be the answer.
7 0
3 years ago
Read 2 more answers
A 24 inch board is cut into 3 pieces so that the second piece is twice as long as the first and the third is 3 times as long as
Lady_Fox [76]

Answer:

The answer to your question is:  first piece = 4 in, second piece = 8 in, third piece = 12 in

Step-by-step explanation:

Data

total length = 24 inches

first piece = x in

second piece = 2x

third piece = 3x

Equation

               x + 2x + 3x = 24

               6x = 24

               x = 24/6

               x = 4               length of the first piece

second piece = 2(4) = 8 inches

third piece = 3(4) = 12 inches

3 0
3 years ago
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Soloha48 [4]
(x^3 - y^3)(x^3 + y^3)

You can get this by factoring based on the a^2 - b^2 model 
3 0
3 years ago
10
Natasha2012 [34]

Answer:

x= -2

Step-by-step explanation:

Rational Function can be expressed as:

\displaystyle \large{y =  \frac{a}{p(x - b)}  + q}

Where b is our horizontal shift and q is our vertical shift.

For asymptotes, there are two types which are vertical and horizontal.

Vertical Asymtote is the value of -b itself or x = -b.

Therefore, from the functio:

\displaystyle   \large{y =  \frac{10}{x + 2} }

Our vertical asymtote is x = -2

6 0
3 years ago
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