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3 years ago

Helpppp plzzzzzzzzzzz

Mathematics

1 answer:

sineoko [7]3 years ago

6 0

$15,000 = P

Ameribank: 0.0105 = r, 1 = n, 1 = t. Plug our values in.

A = $15,000 (1 + (0.0105/1)^(1/1) = $15,157.5

Huffington: 0.0095 = r, 12 = n, 1 = t. Plug our values in.

A = $15,000 (1 + (0.0095/12))^(12/1) = $15,143.12

Sixth-Third: 0.01 = r, 52 = n, 1 = t. Plug our values in.

A = $15,000 (1 + (0.01/52)^(52/1) = $15,150.74

To maximize his profits, Tad should choose Ameribank.

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