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
Helen [10]
3 years ago
8

Compare the investment below to an investment of the same principal at the same rate compounded annually. ​

Mathematics
2 answers:
Margarita [4]3 years ago
7 0

9514 1404 393

Answer:

  compounding 6 times per year earns $458.36 more interest over 20 years

Step-by-step explanation:

We can compute the value of the investment for the different compounding schemes. The applicable formula is ...

  A = P(1 +r/n)^(nt)

where P is the principal, r is the annual rate, n is the number of interest periods per year, and t is the number of years.

<u>Compounded 6 times per year</u>:

  A = $3000(1 +.07/6)^(6·20) ≈ $12,067.41

<u>Compounded 1 time per year</u>:

  A = $3000(1.07)^20 ≈ $11,609.05

Marrrta [24]3 years ago
5 0

Answer:

Can you please describe the problem more detailed pls?

You might be interested in
Solve the system of linear equations using elimination. −7x + 3y = −6 −3x + 3y = 6
Marysya12 [62]

Answer:

x = 3 , y = 5

Step-by-step explanation:

Solve the following system:

{3 y - 7 x = -6 | (equation 1)

3 y - 3 x = 6 | (equation 2)

Subtract 3/7 × (equation 1) from equation 2:

{-(7 x) + 3 y = -6 | (equation 1)

0 x+(12 y)/7 = 60/7 | (equation 2)

Multiply equation 2 by 7/12:

{-(7 x) + 3 y = -6 | (equation 1)

0 x+y = 5 | (equation 2)

Subtract 3 × (equation 2) from equation 1:

{-(7 x)+0 y = -21 | (equation 1)

0 x+y = 5 | (equation 2)

Divide equation 1 by -7:

{x+0 y = 3 | (equation 1)

0 x+y = 5 | (equation 2)

Collect results:

Answer:  {x = 3 , y = 5

8 0
3 years ago
Read 2 more answers
Higher Order Thinking What is the<br>least multiple 6 and 8 have in common?<br>Explain.​
Dahasolnce [82]

Answer: 24

Step-by-step explanation:

6, 12, 18, 24

8, 16, 24

3 0
3 years ago
Read 2 more answers
Y = 10x + 2<br> how many solutions? <br> a. no solutions. b. on solution c. infinite solutions
dusya [7]

Answer:

c. infinite solutions

Step-by-step explanation:

y = 10x + 2

This is a line.  A line has infinite points

Therefore this has infinite solutions

4 0
3 years ago
Read 2 more answers
Identify a possible first step using the elimination method to solve the system and then find the solution to the system. 2x − 5
tatuchka [14]

In order to use the elimination method, we have to multiply the equation by some number, so that one of the variable has the same coefficient.

For example, multiplying the first equation by 3 and the second by 2 gives the following, equivalent system:

\begin{cases}6x-15y=33\\6x+4y=14\end{cases}

Now, we can subtract the two equations, and we will cancel (eliminate) the x variable:

-19y=19 \iff y=-1

Now that y is known, plug it into one of the equations: for example, if we use the first one we get

2x+5 = 11 \iff 2x = 6 \iff x=3

6 0
3 years ago
Read 2 more answers
What is 28828+88+8+78282882728288+8+888+8882828888-8–88-89939x929299999299292929+839929828-0+9929299x91919192939939+929292992929
IgorC [24]

Answer:

-8.2667628e+22

-Step-by-step explanation:

3 0
3 years ago
Other questions:
  • Find the surface area of each figure to the nearest tenth. show your work, please!
    8·1 answer
  • 3/14 and 19/63 whats the LCM
    6·1 answer
  • 80x 180x8x 5x 7x 9x 2 x 1 x5 x 3 x6 x4 x3 x6 x8 + 9 - 2 Divided by 6
    8·1 answer
  • Jaime reads 36 pages of her novel in three nights. If Jaime continues to read at this rate, How many nights will it take for her
    7·2 answers
  • What is 2(u+3v). <br><br><br><br><br><br><br><br><br><br><br><br>................​
    6·2 answers
  • A random survey of 500 people in North Carolina showed that 80 had taken a trip to the Great Smokey Mountains National Park with
    15·1 answer
  • [6+(12-8). 32 ] + 2 =
    8·1 answer
  • What percentage of a dollar is the value of 1 nickel and 3 pennies?
    7·1 answer
  • Write an equation of the line with the given information. m. 4. A(-1.-5)
    5·1 answer
  • Determine whether the systems have one solution, no solution, or infinitely many solutions. 3x-2y=3; 6x-4y=1
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!