Answer:
After 5 years, Cam's account will have $ 616.04 while Madison's account will have $ 638.53.
Step-by-step explanation:
Given that Cam and Madison were investing money into two different accounts, both investing $ 550 each, and Cam invested into an account at an annual interest rate of 2.7% compounded monthly while
Madison invested into an account that had an annual interest rate of 3% compounded quarterly, to determine the balances of both accounts after 5 years, the following calculations must be performed:
Cam
X = 550 (1 + 0.027 / 12) ^ 5x12
X = 550 (1 + 0.027 / 12) ^ 60
X = 616.04
Madison
X = 550 (1 + 0.03 / 3) ^ 5x3
X = 550 (1 + 0.03 / 3) ^ 15
X = 638.53
Thus, after 5 years, Cam's account will have $ 616.04 while Madison's account will have $ 638.53.
Answer:
2.0625
Step-by-step explanation:
8.25%=0.0825
0.0825*25=2.0625
Answer: 4/6+4/6 is 8/12 and bigger than 3/5
Step-by-step explanation:
<em><u>Answer:</u></em>
<em>A≈482.84in²</em>
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<u><em>Step(s) of Explanation:</em></u>
N/A
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