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just olya [345]
2 years ago
7

You have been given the choice to invest $1,200 each year in an account that is expected to pay 3 percent per year or you can in

vest in an account that pays 4 percent. What is the difference between the returns, if you choose to invest for four years
Business
1 answer:
gregori [183]2 years ago
8 0

Answer:

$4872.48

Explanation:

future value = amount x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

r = 4% - 3% = 1%

1200 x [(1.01)^4 - 1] / 0.01 = $4872.48

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3 years ago
Your brother is starting 9th grade next year and is thinking about going to college. What steps would you recommend he take
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2 years ago
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Which model of abnormality focuses on learning and the thinking that underlies behavior?
Sonbull [250]

Answer:

The correct answer is: cognitive model.

Explanation:

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4 0
3 years ago
A store offers packing and mailing services to customers. The cost of shipping a box is a combination of a flat packing fee of $
strojnjashka [21]

Answer:

equation will be 2x+5

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4 0
3 years ago
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The equivalent of his student loan debt can be over re-paid while being spread over number of years.

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<em>brainly.com/question/24576997</em>

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