Gomez isn’t sure what to do. Should he put his $3000 into an account paying 6% for 10 years compounded annually or should he put into an account paying 10% for five years?

Answers

Answer 1

Answer:

If these are the only two options, the most profitable is the first option (6% and 10 years).

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $3,000

Number of periods (n)= 10 years or 5 years

Interest rate (i)= 6% or 10%

To calculate the future value (FV), we need to use the following formula:

FV= PV*(1 + i)^n

6% interest rate:

FV= 3,000*(1.06^10)

FV= $5,372.54

10% interest rate:

FV= 3,000*(1.1^5)

FV= $4,831.53

If these are the only two options, the most profitable is the first option (6% and 10 years).


Related Questions

Solve for x. Enter the solutions from least to greatest. Round to two decimal places. (x + 8)^2 - 7 = 0

Answers

Answer:

x

= − 5.35424868  , − 10.64575131

Step-by-step explanation:

Answer:

Step-by-step explanation:

(x+8)^2=7

(x+8) = [tex]\pm \sqrt7[/tex]

x = [tex]\sqrt7[/tex]-8 and -8-[tex]\sqrt7[/tex]

which is about -10.65 and -5.35

Write each verbal expression as an algebraic expression.

6 times the difference of d and 5

help please

Answers

Answer:

6(d-5)

Step-by-step explanation:

i think this must be the equation

A data set is normally distributed with a mean of 27 and a standard deviation of 3.5.

Find the.z-score for a value of 25, to the nearest hundredth.

Answers

Answer: -0.57

Step-by-step explanation:

z-score: data - mean / standard deviation

25 - 27 / 3.5

= -0.57

How many lines of symmetry does this rectangle have?
A. 1
B. 2
C. 3
D. 4
E. 5

Answers

Answer:

A rectangle has 4 sides with C: Two Lines of Symmetry.

Step-by-step explanation:

Consider the graphs of functions f(x) and g(x). Use the drop-down menu to complete the statement. On the interval 3≤x≤∞, function Choose... has a greater rate of growth.

Answers

Answer:

g(x) has the greater rate of growth

Step-by-step explanation:

A jewelry designed a new box for earrings. The box is to be covered in leather. How much leather will be needed?

Answers

Answer:

76.8 I believe

Evaluate whether the value makes a true or false statement.
-16 < b-8, if b = -8
a. True
B) False

Answers

Answer:

False they would be equal

Step-by-step explanation:

The table below shows the amount of money Michelle has
in her savings account each month.
Month
0
1
2
3
Savings ($$)
50
65
80
95
Michelle deposited the same amount every week. Based on
this information, which statement about the table is true?
A.
The slope represents the total amount of money in
Michelle's savings account. The slope is $50.
B.
The slope represents the amount of money Michelle
deposited each month. The slope is $15.
C.
The slope represents the amount of money Michelle
began with in her savings account. The slope is $50.
D.
The slope represents the number of months Michelle
saved. The slope is 3

Answers

Answer: b
Explanation: every month she get $15 more added which means the slope is $15

Plz help me!!! Giving brainliest if someone else answers it. I put 2 questions

Answers

Answer:

1) C

2) A

Hope it Helps!

:)

Ramsay cuts out a piece from a circular cardboard for a school project. The radius of the cardboard is 10 inches and the measure of the central angle is 54 degrees, as shown.

What is the length of the curved boundary of the piece of the cardboard Ramsay cuts out?
Leave in terms of π.

Answers

Answer:

34 inches

Step-by-step explanation :

54/360 X 20

Hello I need help with this question. Can you please explain how to got your answer?

Answers

Answer:

B) y = 4/3x - 2

Step-by-step explanation:

In pic below.

Answer:

The correct answer is B

Step-by-step explanation:

hope it will help you

please please help me im begging you T_T

Answers

S= 25
To find the rest you just do 180-25

Answer:

s = 25

r = 155

t = 155

Step-by-step explanation:

r + 25 = 180

t + 25 = 180

s + t = 180

Ma Lee swims for 4 weeks. Each week she swims for 6.3 hours. How many hours does Ma Lee swim in 4 weeks? *

Answers

Answer:

13.2

Step-by-step explanation:

multiply 6.3×4

she swims 6.3 hours per week for 4 weeks. to find the answer you just need to multiply then together

Answer: Ma Lee swims for (4x6.3) which equals 25.2

Step-by-step explanation:

If you write them stacked on top of each other like this

6.3

6.3

6.3

6.3

when you add up the tenths place first you get 12 so regroup the 1 over to the ones place and put 2. Next add up 6's 6x4 equals 24 but dont forget the regrouped 1. Add 24+1=25. So altogether your answer is 25.2.

Please help I got the answer wrong-

Answers

Answer:

[tex]x {}^{2} = 150[/tex]

Step-by-step explanation:

What I did was

[tex]5 \times 5 = 25[/tex]

then I did

[tex]5 \times 5 = 25 \times 5 = 150[/tex]

and I'm hoping 150 is the answer. HOPE THIS HELPED

PLEASE HELP!! Write the equation on the line that matches the table.

Answers

pretty sure it would be y=3x+4

Only answer if you are 100% sure about the answer.

Answers

Answer:

180

Step-by-step explanation:

Answer: 180ft^3

Step-by-step explanation:

Three hikers wanted to share the weight of their backpacks equally. Their backpacks weigh 31, 37, and 25 pounds. How much weight should each hiker carry?
a) 31
b) 39
c) 93
d) 30

Answers

Answer:

A

Step-by-step explanation:

Answer:

The answer is A) 31

Step-by-step explanation:

31 +37 +25 = 93

93 divided by 3 = 31

PLEASE HELP!! I WILL GIVE BRAINLIEST!!

A rubber ball is dropped from 60 ft. high and bounces 5/6 as high on each bounce. What is the vertical distance it has traveled by the 4 ^ (th) bounce?

Answers

Answer:

28.9351851852

Step-by-step explanation:

Write an inequality for this statement . ( you do not have to solve) Miguel is planning on going to the arcade with $17.60 in his pocket. It will cost him $8 to get there and get home by a taxi . If all games cost 25 cents . Write and solve an inequality to show the number of games he can play.

Answers

Answer:

8 + .25x < 17.60

Step-by-step explanation:

The inequality sign should be less or equal to 17.60, but I don't have that on my phone.

What is the area of a garden plot that measures 6 1/2 feet by 4 feet?​

Answers

Answer:

26 sq. ft.

Step-by-step explanation:

So 6 1/2*4

6*4=24, 1/2*4=2

24+2=26

please answer the questions

Answers

the answers are 5.)b 6.)c.

What is the value of y in the equation 2(3y − 15) = 0?

Answers

Answer:

y = 5

Step-by-step explanation:

2(3y - 15) = 0

6y - 30 = 0

6y - 30 + 30 = 0 + 30

6y = 30

6y ÷ 6 = 30 ÷ 6

y = 5

Find m

Someone pleaseee helpp

Answers

Answer:

107°

Step-by-step explanation:

m∠m+m∠p= 180°

(7x+31)°(21x-19)°=180°

7x+31+21x-19= 180

7x+21x=180+19-31

28x=168

x= 168/28

x= 6

m∠p= (21x-19)°

= (21(16)-19)°=(126-19)°

= 107°

------------

hope it helps..

have a great day!!

PLEASE HELP MEEE ITS DUE IN 30 MINUTES!

Answers

Answer:

(suprisingly easy) 6x3x4=72 in.

Step-by-step explanation:

Answer:

look for the formular of volume

Mandy made a circular flower garden with a
diameter of 7 feet. She wants to put a fence
around the outside of the garden. About how
much fence does Mandy need to buy? (Use 3.14
for r.)
A.
11 feet
B. 22 feet
C. 38 feet
D. 44 feet

Answers

Answer:

b. 22

Step-by-step explanation:

7 x 3.14 = 21.95

( you have to buy 22 because you connot buy half of one so

you have to round up)

21.95 - 22

Question 1

Which statement about the system of equations y = 3x + 9 and y = 3x – 4 is true?

A. No solution
B. Infinite solutions
C. Exactly one solution
D. Different y-intercepts so there are two solutions

Answers

Answer:

A. no solution

Step-by-step explanation:

y = 3x + 9

y = 3x - 4

Let's solve this.

We can see that both equations equal y, so we can set them equal to each other.

3x + 9 = 3x - 4

Combine like terms.

[add 4 to both sides]

3x + 13 = 3x

[subtract 3x from both sides]

13 = 0

This statement is not true; therefore, there is no solution.

If we look at the graph below, we can see the lines are parallel. Parallel lines will never intersect and have no solution in a system of equations.

Hope this helps!

Height is 7 inches and the diameter is 2 inches what is the radius

Answers

Answer,  1

The radius is half the diameter

The radius is 1 inch because the radius is half the diameter

Determine whether the Law of Cosines or the Law of Sines is needed to solve the triangle a = 11, b = 13, c = 7

Answers

Answer:

Step-by-step explanation:

Use the Law of Cosines:

c^2 = a^2 + b^2 - 2ab*cos C becomes

7^2 = 11^2 + 13^2 - 2(11)(13)cos C.

Once you have cos C, and then side c, you can use the Law of Sines to find the other two interior angles.

What is the volume of the Cylinder ? Use 3 14 round the answer to the nearest hundredth . h = 7in r = 7in

Answers

Answer:

V = 1077.02 in³

Step-by-step explanation:

To find the volume of a cylinder, we use this formula:

V = πr²h

Let's plug in what we know.

V = (3.14)(7)²(7)

Evaluate the exponent first.

V = (3.14)(49)(7)

Multiply.

V = 1077.02 in³

Hope this helps!

A mini-golf course charges a group rate of $6 plus a fee to rent each putter. A family rents
putters and pays a total of $27.

Answers

Answer:

i think im not sure but i got 4.5

Step-by-step explanation

reasoning for my 4.5 LOL i divided 27 by 6 and i think the 4.5 is the fee maybe? im not sure there isnt much information i can go off of. but i hope this helped.

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