Suppose that you have $4,000 to invest. Which investment yields the greater return over a 10 year period: 8.03% compounded dai
ly or 8.1% compounded quarterly? Find the total amount of the investment after 10 years if $4,000 is invested at 8.03% compounded daily.
1 answer:
A = 5000(1+.0743/365)365(10)
= 5000(1.000203562)3650 = $10,510.38
A = 5000(1+.075/4)4(10)
= 5000(1.01875)40 = $10,511.75
As you can see these are practically equal, but the 7.5% quarterly is more.
You might be interested in
The answer is D. Dual enrollment courses
Step-by-step explanation:
28m+4n-12m+3
28m-12m+4n+3
16m+4n+3
Discriminant = b^2 - 4ac
a = 4
b = 16
c = 16
16^2 - 4(4 x 16)
256 - (4x64)
256 - 256 = 0
Therefore it only has one root
78-35= 43
43/.33= 130.30
130.3 miles
Answer:
46.58%
Step-by-step explanation:sorry if wrong
