1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
navik [9.2K]
2 years ago
9

Advance Algebra Logarithm Task

Mathematics
1 answer:
valina [46]2 years ago
4 0

9514 1404 393

Answer:

  3.65% monthly

Step-by-step explanation:

The same amount is invested for the same period in all accounts, so we only need to determine the effective annual rate in order to compare the accounts.

For compounding annual rate r n times per year, the effective annual rate is ...

  (1 +r/n)^n -1

For the same rate r, larger values of n cause effective rate to be higher. As a consequence, we know that 3.65% compounded quarterly will not have as great a yield as 3.65% compounded monthly. The effective rate for the monthly compounding is ...

  (1 +0.0365/12)^12 -1 = 3.712%

The effective rate for continuous compounding is ...

  e^r -1

For a continuously compounded rate of 3.6%, the effective annual rate is ...

  e^0.036 -1 = 3.666%

This tells us the best yield is in the account bearing 3.65% compounded monthly.

_____

If i is the effective annual rate of interest as computed by the methods above, then the 10-year account balance will be ...

  10000×(1 +i)^10

This is the formula used in the spreadsheet to calculate the balances shown.

You might be interested in
What is 1 5/7 as a improper fraction?
natulia [17]
Improper Fraction
12/7 = 1 5/7
6 0
3 years ago
Read 2 more answers
How to I write a one solution function??
tatyana61 [14]
Here’s an example on how to write one.

6 0
2 years ago
What is the measure of angle 4?<br> angles 1,3,5,6,7, and 8 are 73 degrees. angles 2 is 107 degrees
uranmaximum [27]

Answer:

34 Deg

Step-by-step explanation:

Since the Triangle is isoceles, each of the internal base angle = 180-107=73

Sum of internal angles =180,  Angle4= 180-(73+73)= 180-146=34

3 0
3 years ago
Is 0.529 greater than 0.54
attashe74 [19]
No. 0.54 is equal to 0.540

0.540 > 0.529
6 0
3 years ago
Read 2 more answers
If (x/3)-1 is twice as large as (x/4)-3, what is the value of x?
Ganezh [65]

Answer:

30

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • How do solve:
    10·2 answers
  • Write in exponent form and word form. 10x10x10x10x10x10
    15·2 answers
  • X is greater than 7 or less than 5
    14·1 answer
  • To solve for z, you divide each side of the equation by what number?
    13·1 answer
  • you buy a bag of dog food for $12.59 and a bottle of dog shampoo for $4.75. How much more did the dog food cost than the shampoo
    14·1 answer
  • What is m &lt; 8 if m &lt; 4 = 50° ? <br> A) 50°<br> B) 180° <br> C) 70°<br> D) 40°
    13·1 answer
  • What is 65% of 568 ?
    11·2 answers
  • In a food preference experiment, 80 lizards were given the opportunity to choose to eat one of three different species of insect
    6·1 answer
  • Please help i will mark brainliest!!!!<br> i need A B and C
    11·1 answer
  • What is the midpoint of line segment EF?<br> O (2,2)<br> O (-3,-2)<br> O (-2,1)<br> • (-4,2)
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!