Which statement best describes what happens when k is changed from 2 to – 3

Mathematics

1 answer:

antoniya [11.8K]3 years ago

5 0

Where are the statements

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$\bf \qquad \qquad \textit{Amortized Loan Value}
\\\\
pymt=P\left[ \cfrac{\frac{r}{n}}{1-\left( 1+ \frac{r}{n}\right)^{-nt}} \right]$

$\bf \qquad \qquad \textit{first investment plan}
\\\\\\

\qquad 
\begin{cases}
P=
\begin{array}{llll}
\textit{original amount deposited}\\
\end{array}\to &
\begin{array}{llll}
28000
\end{array}\\
pymt=\textit{periodic payments}\\
r=rate\to 5.8\%\to \frac{5.8}{100}\to &0.058\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{annually, meaning}
\end{array}\to &1\\

t=years\to &4
\end{cases}\\\\
$

$\bf -----------------------------\\\\
\left. \qquad \qquad \right. \textit{2nd investment plan}
\\\\\\
\begin{cases}
P=
\begin{array}{llll}
\textit{original amount deposited}\\
\end{array}\to &
\begin{array}{llll}
28000
\end{array}\\
pymt=\textit{periodic payments}\\
r=rate\to 7.083\%\to \frac{7.083}{100}\to &0.07083\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{annually, meaning again}
\end{array}\to &1\\

t=years\to &3
\end{cases}$

see which one yields a bigger "pymt" figure

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4 years ago