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Kobotan [32]
3 years ago
10

You invest $2,000.00 in a stock plan and another $2,000.00 in a savings account. The stock plan decreases by 7% the first year a

nd gains 10% the second year. The savings account earns a 3.7% APR and compounds annually. What is the difference in earnings between the stock and savings account at the end of the second year?
Mathematics
1 answer:
galben [10]3 years ago
4 0

Answer:

$104.738

Step-by-step explanation:

Let's work out the <u>stock plan</u> first:

$2,000 - 7% in the first year = $1,860

$1,860 + 10% = $2,046 in the second year

<u>Savings account:</u>

$2,000 + 3.7% = $2,074 in the first year

$2,074 + 3.7% = $2,150.738 in the second year

<u>The difference:</u>

$2,150.738 - $2,046 = $104.738

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"The discriminant is prime?" I haven't heard that one before.

Here are the general rules:

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2. a zero discr. results in two real, equal roots.

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A state park charges $5 per car plus $1 per person as an admission fee. The total charged for a car with x people is f(x) = x +
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Answer:

Given: f(x) = x + 5

If this function changes  to $8 per car then

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If u=(0,3), what is the magnitude of 3u
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Answer:

<em>9.</em>

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3 years ago
Parallel lines j and k are cut by transvesal t . Which statement is true about ∠2 and ∠6
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One rectangular solid with a square base has twice the height of another rectangular solid with a square base with the same side
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Answer:

First rectangular solid and second Rectangular solid

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(B) No, The solids are not similar.as ratio of side lengths in not same in each case , because the ratio of heights of two solid is equal to .

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Option A, D, E are correct about two solids.

Step-by-step explanation:

8 0
2 years ago
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