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
Sveta_85 [38]
2 years ago
9

A bank offers a money market account paying 4.9% interest compounded semiannually. A competing bank offers a money market accoun

t paying 4.8% interest compounded daily. Which account is the better investment?
Mathematics
1 answer:
soldier1979 [14.2K]2 years ago
4 0
Assume $1000 at 4.9% semi-annually = <span>$1,049.60
Assume $1000 at 4.8% daily = </span><span> $1,049.17

Let's try a bigger number $50'000 </span>4.9% semi-annually<span> $52,480.01
</span>                                           $50,000 4.8% daily = <span>             $52,458.37
It's a wash, the question is how long will you be investing, that might make a difference. I calculated 12 Millions over 6 years and bank A would be the better choice. Semi-annual compounded at 4.9%</span>
You might be interested in
Your total FICA contribution which includes Social Security and Medicare is 15.3% of your salary. 12.4% of your FICA contributio
Allisa [31]

Answer:

$1,958.23

Step-by-step explanation:

Annual income = $67,525

Total FCIA = 15.3% of salary

Since my annual income is $67,525 the FCIA contribution = 15.3%.

But 12.4% is for Social Security.

The remaining 2.9%(15.3% - 12.4%) will be for Medicare taxes.

The total deduction for I and my employer for medicare taxes will be:

2.9% * $67,525

= $1,958.225

The total deduction for medicare would be: $1,958.23

Note: Assuming we were asked to calculate only employee's medicare, the deduction would be 50% of $1,958.23.

6 0
3 years ago
A bookcase measures 13 ft wide and 24 ft tall. What would the bookcase's measurements be on a scale drawing using the scale 3 cm
qaws [65]

Answer:

19.5 cm wide

36 cm tall

Step-by-step explanation:

The given, 3 cm : 2 ft, is your first fraction (3 cm / 2 ft). We need to figure out how many cm is 13 ft and 24 ft. Let's start with 13 ft. We would use the first fraction, 3 cm / 2 ft, is equal to x cm / 13 ft. Then, you would cross multiply and get an answer of 19.5 cm. Now, we do the same thing but instead of 13 ft we need to use 24 ft. So again, 3 cm / 2 ft is equal to x cm / 24 ft. Then, cross multiply and get a final answer of 36 cm.

6 0
3 years ago
Read 2 more answers
Find the equation of the straight line joining the points (-5,2) and (3,-4)​
Anastaziya [24]

Answer:

3x+4y+7=0.... equations (1)

which is required equations

6 0
3 years ago
Read 2 more answers
Solve the system of equations 5x + 2 y equals 12 5 x - 2 y equals 28
Lubov Fominskaja [6]
Not sure its this is right but i got (4,-4)
Good luck
4 0
3 years ago
PLZ HELP HELP WITH ALL PART REALLY NEED HELP WITH THIS!!
Shalnov [3]
First, you should graph the points. For the first number, called the X-Axis, you should to the right or left, and for the second number, called the Y-Axis, you should go up or down.

To find the distance between Point A and Point C, you should simply just count the number of intersections between them (4).

Angle B is a right angle because if the triangle is bisected at B, it will leave a right angle on either side. Therefore, to label it, you should simply just draw a line through Point B all of the way to line (A,C).

The type of triangle you have drawn is an isosceles, because it has 2 equal angles and 2 equal sides.

We know both of the sides that are unknown will be the same because the triangle is bilateral. Then, we can use the bisection we made earlier to solve for the unknown sides using Pythagorean Theorem. Since earlier, we know the entire bottom is 4, we know half of the bottom is 2. We can also see that the height of the triangle is 2. We then plug those numbers into the Pythagorean Theorem (A^2*B^2=C^2) which makes the value of C^2=16. We then take the square root of C^2 and 16 to see that both unknown sides are 4.   



3 0
3 years ago
Other questions:
  • Use the digits 1-7 to create a seven-digit number that can be rounded to 6,300,000
    12·1 answer
  • The result of 6 subtracted from a number n is at least 2. Which inequality represents this situation? A.
    5·1 answer
  • Graph the image of the given triangle under a dilation with a scale factor of –4 and center of dilation (0,0).
    12·1 answer
  • Cate and Elena were playing a card game. The stack of cards in the middle had 24 cards in it to begin with. Cate added 8 cards t
    9·2 answers
  • I NEED HELP ASAP WITH WORK SHOWN
    13·1 answer
  • I need help finding the answer
    13·2 answers
  • Elizabeth wants to use a standard number cube to do a simulation for a scenario that
    10·1 answer
  • 7428.358146 round to nearest cent
    14·2 answers
  • An isosceles right triangle has a hypotenuse of length e. Select all that are true for the triangle.
    10·1 answer
  • 17 POINTS !! WILL GIVE BRAINLIEST !!
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!