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zlopas [31]
3 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]3 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.

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Step-by-step explanation:

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The quadratic function equation is given in <u>vertex form</u>, which is f(x) = a(x - h)^{2} + k

Using this equation, the vertex is (-h, k).

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In f(x) = (x - 1)² - 3 using (-h, k) is:

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Answer:

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Step-by-step explanation:

The group of answer choices are not given which are as follows:  

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To do so we should have a look at the decimal digit

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Answer:

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