Tavius would earn his best value if he invests in a three-year certificate of deposit with a nominal interest rate of 4 percent.
Tavius would invest in the option that yields the highest interest. This is the best value. In order to determine which option is the best, the interest rate of each option has to be determined.
<em><u>Interest rate of the first option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 2 = $150
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<em><u>Interest rate of the second option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 1 = $75
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<em><u>Interest rate of the third option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.04 x 3 = $300
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<em><u>Interest rate of the fourth option</u></em>
FV = P x (1 + r) n
$2500 x (1.03) = $75
A similar question was answered here: brainly.com/question/24748787?referrer=searchResults
Answer:
-2/3
Step-by-step explanation:
Answer:
this is the formula for a volume of a sphere
4
/3*π*r^3 so plug in the radius
4/3*3.14*3^3=
4/3=1.33333333
1.333*3.14=4.186666562
4.186666562*3^3=113
the volume of the sphere is 113
Step-by-step explanation:
Answer:
d = 6
Step-by-step explanation:
The nth term of an arithmetic sequence is
= a₁ + (n - 1)d
where a₁ is the first term and d the common difference
Given a₄ = 23 and a₁₁ = 65 , then
a₁ + 3d = 23 → (1)
a₁ + 10d = 65 → (2)
Subtract (1) from (2) term by term to eliminate a₁
10d - 3d = 65 - 23
7d = 42 ( divide both sides by 7 )
d = 6
