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
zlopas [31]
2 years ago
5

Jon Deposits $14,500 into an account paying 5% annual interest compounded quarterly and Sara deposits $16,250 into an account pa

ying 4% annual interest compounded daily who will have more money after 1 year? How much more will that person have? Show and explain all work.
Mathematics
1 answer:
kherson [118]2 years ago
4 0

Answer:

Results are below.

Step-by-step explanation:

Giving the following information:

Jon:

Initial investment (PV)= $14,500

Interest rate (i)= 0.05/4= 0.0125

Number of periods (n)= 4 quarters

Sara:

Initial investment (PV)= $16,250

Interest rate (i)= 0.04/365= 0.00011

Number of periods (n)= 365 days

<u>To calculate the Future Value, we need to use the following formula:</u>

FV= PV*(1+ i)^n

Jon:

FV= 14,500*(1.0125^4)

FV= $15,238.71

Sara:

FV= 16,250*(1.00011^365)

FV= $16,915.67

Sara will have $1,676.96 more than Jon.

You might be interested in
SHOW UR WORK PLEASE IM LTERALLY CRYING
GalinKa [24]
Answer : 6 pieces
first you need to convert 3/4ths into 8th so you multiply
3/4 * 2 = 6/8
you can get 6 pieces of ribbon
4 0
3 years ago
Josiah kept track of how many songs of each genre were played in an hour from his MP3 player. The counts are displayed in the ta
german

Based on the number of songs in each genre that Josiah listened to, the statements about his solution that are true are:

  • He should have found the average of the number of rock songs by averaging 4 and 6 to get 5.
  • He did not multiply the numerator and denominator by the correct number to equal 1,500.
  • He should have multiplied the numerator and denominator by 75, not 30, because 20 times 75 = 1,500.

<h3>What did Josiah do wrong?</h3>

To find the average of the number of rock songs, he should have taken the average of rock songs he listened to which were 4 and 6:

= (4 + 6) / 2

= 5

Because he has a total of 1,500 songs on his player, he should have multiplied both the numerator and denominator by a number that would lead to 1,500 which is 75 and not 30.

Find out more on averages at brainly.com/question/13832161.

#SPJ1

7 0
1 year ago
Suppose you work for a large coffee distributor that has a secret coffee blend it sells to local stores. You mix the Gazebo blen
user100 [1]

Answer:

18lbs of Mexican Shade Grown coffee

Step-by-step explanation:

Since this is a ratio problem and we are given three values and one variable x (pounds of Mexican Shade Grown coffee needed) we can use the Rule of Three to solve this problem. In this rule we simply multiply the diagonal available values and divide by the third value to get the value of the variable, like so...

90lbs Gazebo  <=====>   27lbs Mexican Blend

60lbs Gazebo  <=====>   x lbs Mexican Blend

(60 * 27) / 90 = x

1620 / 90 = x

18 lbs = x

We need 18lbs of Mexican Shade Grown coffee blend to mix with the 60lbs of Gazebo blend

7 0
3 years ago
Evaluate f(x) = x2 + 1 for f(10).
user100 [1]
F(10) = (10)^2 + 1
= 100 + 1
= 101
8 0
3 years ago
Please answer questions from the following images!
Lelechka [254]
Can you send more information about this problem
6 0
3 years ago
Other questions:
  • If two triangles have equivalent angle measures then they are congruent
    12·1 answer
  • Is 5 feet bigger than 60 inches
    13·2 answers
  • What is 3 * 2 1/3? A. 7 B. 6 1/3 C. 6 D. 5 1/3
    15·1 answer
  • Find the difference quotient f(x+h)-f(x)/h , where, for the function below. f(x)= -6x+3 Simplify your answer as much as possible
    13·1 answer
  • keith and michelle went out to dinner. the total cost of the meal including the tip came $53.70. if the combined tip came out to
    5·1 answer
  • Which relation is displayed on the graph?
    7·1 answer
  • 7th grade work help I Will give brainlist
    14·1 answer
  • The winter clothing drive has received donations of 5 coats,23 pairs of gloves, 19 scarves, and 3 hats so far.
    7·1 answer
  • Which division problem is represented with this model?
    6·2 answers
  • Yolanda is buying supplies for school. She buys n packages of pencils at $1.40 per package and m pads of paper at $1.20 each. Wh
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!