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liq [111]
3 years ago
6

Account A: $300 monthly deposits, interest rate is 4.2%. Account B: $250 monthly deposits, interest rate is 5.1%. Which account

will have a greater value at the end of 15 years?
a. Account A will be greater than Account B.





b. Account B will be greater because the interest rate is higher.





c. They will be worth about the same.





d. Not enough information.
Mathematics
1 answer:
Elan Coil [88]3 years ago
4 0

Answer:

A

Step-by-step explanation:

We have to determine the future value of the annuity to determine which account has a greater value

Future value = Amount x annuity factor

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

Account A = 300 x[ (1.042)^15 - 1 ] / 0.042 = $6097.14

Account B = 250  x[ (1.051)^15 - 1 ] / 0.051 = $5435,42

Account A will be greater

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lara [203]
Answer : r = 4$


hope this helps
8 0
3 years ago
Simplify [(-64)÷8]÷(-8)​
choli [55]

Answer:

1

Step-by-step explanation:

Follow PBEMDAS:

Parenthesis

Brackets

Exponents (& Roots)

Multiplication

Division

Addition

Subtraction

~

First, divide -64 with 8:

-64/8 = -8

Next, divide -8 with -8:

-8/-8 = 1

1 is your answer.

~

7 0
3 years ago
Read 2 more answers
A person is riding a Ferris wheel has a radius of 50ft. find the linear speed of the person in feet per minute if the Ferris whe
kifflom [539]

The linear speed of a person on this Ferris wheel is about 628.2 ft/min.

<h3>What is Linear Speed ?</h3>

As a body travels a circular path, it has both a linear speed and an angular speed. The rate it travels on that path is the linear speed, and the rate it turns around the center of that path is the angular speed. The linear speed (v) and angular speed (ω) are related by the radius (r) or v = rω .

Given that ;

Radius = r = 50 ft

Frequency = f = 2 rev/min

The angular speed is the product of the angular displacement for one complete turn, namely 2π radians per revolution, and the frequency (f). That is, the angular speed is equal to ω = 2πf. Substituting this into the formula for linear speed (v), we get:

                                v = r (2πf)

                                    = (50 ft) ( 2π / rev) ( 2 rev/min)

                                    = 200π ft/min

                                    ≈ 628.2 ft/min

The linear speed of a person on this Ferris wheel is about 628.2 ft/min.

Learn more about linear speed here ;

brainly.com/question/14413779

#SPJ1

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4 0
1 year ago
An almond butter jar label says that it has 30% more almond butter for the same price. Brett knows that the jar is usually 10 ou
wlad13 [49]

Answer:

13 ounces

Step-by-step explanation:

First we find what 30% of 10 ounces is.

0.3*10 ounces=3 ounces

We add the answer to the original 10 ounces and we get 13 ounces.

Hope that is clear and good luck with homework

8 0
3 years ago
5.27 repeating as a mixed number in simplest form
charle [14.2K]

Hey there! I'm happy to help!

Let's call our fraction x.

x=5.2727272727......

We want to get rid of the repeating decimals. If we multiply our fraction by 100, we have that 100x=527.27272727.....

100x=527.2727272727....

x=5.27272727....

If we subtract these equations, the repeating stuff will be gone and we can solve for x.

99x=522

We divide both sides by 99.

x=522/99= 58/11= 5 3/11.

Have a wonderful day! :D

6 0
3 years ago
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