You have $350,000 to invest. Which investment would yield the greater return in three years; an investment that pays 2.5% compounded monthly or an investment that pays 2.45% compounded daily?

Answers

Answer 1

Answer:

Its better to invest at 2.45% interest rate compounded daily.Step-by-step explanation:

We are given

Principal Amount = $350,000

Time t = 3 years

We need to determine which investment will yield greater return

a) 2.5% compounded monthly

b) 2.45% compounded daily

The formula used will be: [tex]A=P(1+\frac{r}{n})^{nt}[/tex]

a) 2.5% compounded monthly

We have P=$350,000 t= 3 years,  r = 2.5 or 0.025 and n= 12

Putting values and finding A

[tex]A=P(1+\frac{r}{n})^{nt}\\A=350000(1+\frac{0.025}{12})^{12*3}\\A=350000(1.0021)^{36}\\A=350000(1.079)\\A=377650[/tex]

So, the return of investment in 3 years would be $377650 if interest rate is 2.5% compounded monthly.

a) 2.45% compounded daily

We have P=$350,000 t= 3 years,  r = 2.5 or 0.025 and n= 365

Putting values and finding A

[tex]A=P(1+\frac{r}{n})^{nt}\\A=350000(1+\frac{0.0245}{365})^{365*3}\\A=350000(1.000067)^{1095}\\A=350000(2.0821)\\A=728735[/tex]

So, the return of investment in 3 years would be $728735 if interest rate is 2.45% compounded daily.

So, if we invest 2.45% interest rate that is compounded daily we will make $728735 while if we invest 2.5% interest rate that is compounded monthly we will make $377650

So, its better to invest at 2.45% interest rate compounded daily.


Related Questions

100%
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What percent is represented by the shaded area?
1%
Stuck? Watch a video or use a hint.

Answers

90%. Mfodndjdlhdjdndbdbdk

Jack's family needs a new microwave. There is one on sale that measures 20 inches by 14 inches by 11 inches. What is the volume of the microwave?

Answers

3080 inches
bc i did 20x14x11 on a calculator
It's 3,080.

V= L•W•H
V=20•14•11
V=20•14=280•11=3,080
V=3,080

evaluate 9.5v + 8.9w when v=6 and w=7

Answers

Answer:119.3

Step-by-step explanation:

9.5*6=57

8.9*7=62.3

57+62.3=119.3


please answer this question GIVING BRAINLIEST!!

Answers

Answer:

b

attention:

please i saw in this picture that you wrote for the question 10 that I solved before number -5

and the answer i got was 5 not -5 hope I am talking about the question I answered before.

Please help with the question in the attachment. Do not give an improper answer or you will be reported.

Answers

9514 1404 393

Answer:

  2876 books

Step-by-step explanation:

If we let y1 and y2 represent the costs from method 1 and method 2, then we have, for x books published, ...

  y1 = 12841 +24.25x

  y2 = 48072 +12x

These costs will be equal when ...

  y1 = y2

  12841 +24.25x = 48072 +12x

  12.25x = 35231 . . . . . . . . . . . . . subtract 12841+12x

  x = 2876 . . . . . . . . . . divide by 12.25

The costs will be the same for production of 2876 books.

The statement of cash flows is an optional financial statement.
True
Or False

Answers

Answer:

The statement of cash flows is an optional financial statement. The statement of cash flows shows the effects on cash of a company's operating, investing, and financing activities. The statement of cash flows reports a firm's major sources of cash receipts and major uses of cash payments for a period.

A marching has 4 rows of trumpets with 10 trumpets in each row. How many trumpets are in the marching band. Use distributive property to solve.

Answers

Answer:

4x10=40 10

Step-by-step explanation:

10 people in each row. 4 rows of people. 10+10+10+10

HELP PLS FOR 10 POINTS AND BRAINLIEST TO CORRECT ANSWER The cost, C, to ride in a taxi can be calculated using the function shown, where m is the number of miles.
C = 2.25 +0.85m
What is the cost per mile to ride in the taxi?

A. $0.85
B. $1.40
C. $2.25
D. $3.10

Answers

9514 1404 393

Answer:

  A.  $0.85

Step-by-step explanation:

Each time m increases by 1, the cost goes up by $0.85.

The cost per mile is $0.85.

What is the decimal value of the hex number ABE?

Answers

Answer:

The value of HEX ABE in decimal is 2750.

Step-by-step explanation:

Hex ABE to decimal explained:

The value of HEX ABE in decimal is 2750.

The value of HEX ABE in binary is 101010111110.

E 14 X 160 = 14

B 11 X 161 = 176

A 10 X 162 = 2560

HEX ABE = 2750

the binary value is: 101010111110

I'm not gonna put the list anymore  just look on your other questions XD

HOPE THIS HELPS!

PLEASE MARK BRAINLIEST IF THIS HELPED YOU LEARN! :)

Mr. Roberts had $9,512 in savings. He saved another $488. He then used all his money to buy 500 books. He sold the books for $35 each. How much did Mr. Roberts earn from selling each book? a. Mr. Roberts earned $ from selling each book. b. Travis got $20 as the answer or the amount Mr. Roberts earned from selling each book. Is his answer correct? yes no c. Tell why Travis is or is not correct.

Answers

Answer:

a. Profit from each book = $15

b. No, Travis was wrong.

c. Travis isn't correct because Mr. Roberts made $15 from the sales of each book.

Step-by-step explanation:

Given the following data;

Number of books bought = 500

Selling price = $35

Robert savings (cost price) = $9,512 + $488

Robert savings (cost price) = $10,000

Purchasing price = $10,000/500 = $20

Revenues from book sold = 500 * 35 = $17,500

Total profit = Revenues - Cost price

Total profit = $17,500 - $10,000

Total profit = $7,500

To find the amount earned from each book;

[tex] Profit \; from \; each \; book = \frac {Total \;profit}{Numbers \; of \; book} [/tex]

Substituting into the equation, we have;

[tex] Profit \; from \; each \; book = \frac {7500}{500} [/tex]

Profit from each book = $15

Therefore, Mr. Roberts earned $15 from selling each book.

Check:

Selling price = purchasing price + profit = $20 + $15 = $35

The original price was $20, the sales price is $15. Is this an increase or decrease? What was the percent change?

Answers

Answer: Decrease by 30%

Step-by-step explanation:

0.000032 ÷ (8 × 10-3)

4x10^-3

Answers

Answer:

Step-by-step explanation:

=0.000002x10−3

symbolab the calculator will help you with the steps and answer

Find the equation of the linear function represented by the table below in slope intercept form.

Answers

Answer:

Y=1x-7

Step-by-step explanation:

First use two points to find the slope. I used the first 2. The formula is (y1-y2)/(x1-x2). So (6-8)/(1-3)= -2/-2 = 1. Then you plug in a point and the slope for the equation y1-y2=m(x1-x2). I am using the first point and m is the slope which is 1. Y-6 = 1(x-1)

y-6 = 1x -1 then get y by itself

y=1x-7

Avram borrows $14,500 at 5.4% simple interest to open a small business. His bank allows him 9 years to pay back the loan. How much simple interest will Avram have to pay on the loan?

Answers

Answer:

Avram will have to pay $7,047 simple interest

Step-by-step explanation:

Simple Interest

Definition: Interest calculated on the original principal only of a loan or on the balance of an account.

Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.

The interest earned is calculated as follows:

I=A.r.t

Where:

I = Interest

P = initial principal balance

r = interest rate

t = time

Avram has a principal of P=$14,500 at a simple rate of r=5.4%=0.054 for t=9 years, thus:

I=14,500*0.054*9=7,047

I=$7,047

Avram will have to pay $7,047 simple interest

Answer:

$7,047 simple interest

the difference between twice a number and a number that is 5 more than it is 3. What is the number?

Answers

Answer:

4?

Step-by-step explanation:

Answer:

2n-(n+5)=3

Step-by-step explanation:

I’m dumb so can u pls help me

Answers

Answer:

(1, 6)

(2, 12)

(1.5, 9)

(2.5, 15)

#teamtrees #WAP (Water And Plant)

Math please help I don’t understand at all

Answers

Answer:

the x and y axis arent clear enough to tell their coordinations can you take the picture again but it has to be clear

Is (8,2). (7,2). (6,3) a function?

Answers

Yes it is .no points over

Please assist with the geometry questions part 1​

Answers

9514 1404 393

Answer:

  1.  sin(x) = a/c; cos(x) = b/c; tan(x) = a/b

  2, 3 see below

Step-by-step explanation:

1. The mnemonic SOH CAH TOA reminds you of the relationships between trig functions and sides of a right triangle:

  Sin = Opposite/Hypotenuse   ⇒   sin(x) = a/c

  Cos = Adjacent/Hypotenuse   ⇒   cos(x) = b/c

  Tan = Opposite/Adjacent   ⇒   tan(x) = a/b

__

2. The attachment shows the two special right triangles. The 30-60-90 right triangle has sides in the ratio 1 : √3 : 2. The 45-45-90 isosceles right triangle has sides in the ratio 1 : 1 : √2.

These ratios can be used to write proportions that help you find the length of a missing side.

Example:

Suppose the triangle in problem 1 has x = 30°, and a = 10. Then we could find the length of missing side 'c' using a proportion involving the short side and the long side (hypotenuse).

  2/1 = c/10   ⇒   c = 20

__

3. In a right triangle, the acute angles are complementary. The side adjacent to one acute angle is the side opposite the other. So the sine of one of the angles is the cosine of the other, and vice versa. This means the sine of an angle is the cosine of its complement, and vice versa.

__

Comment on question 3

The wording of this question is a little strange. Sine and cosine are not complementary. Rather, the angles for which those functions have the same value are complementary.

Which point represents 3.9?

Answers

Answer:

What do you mean there is not a graph...do you have a  picture?

Step-by-step explanation:

Answer: B

Step-by-step explanation:

A = 3.8

B = 3.9

C = 4.0

D = 4.2

You take 4.5 - 3,6 = 0.9, so each big line should be .3.

In each problem, angle C is a right angle. Solve each triangle rounding answers to the nearest
tenth.

a= 7.7 ft, b= 16 ft

Answers

9514 1404 393

Answer:

  c = 17.8, A = 25.7°, B = 64.3°

Step-by-step explanation:

Side c can be found from the Pythagorean theorem:

  c = √(a² +b²)

  c = √(7.7² +16²) = √315.29

  c ≈ 17.8 . . . feet

__

The tangent relation is ...

  Tan = Opposite/Adjacent

  tan(A) = a/b = 7.7/16

  A = arctan(7.7/16)

  A ≈ 25.7°

  B = 90° -25.7°

  B = 64.3°

Here are four false statements about the graph.
Select one and explain why it's false.
The domain is -6 The domain is -5 The range is y < 5
The range is -5y<1

Answers

Answer:

Range:y[tex]\leq[/tex]5

Step-by-step explanation:

Since y is always less than 5, y cannot be equal to it since the highest value of y was about 4.

It costs $1.08 to buy 3 green marbles. If the marbles all have the same price, how much
does it cost to buy 1 marble?

Answers

Answer:

0.36$

Step-by-step explanation:

1.03/ 3 marbles = 0.36$ per marble.

one marble is 36 cents

1.08÷3=36

If you can walk 3.7 miles in 1.2 hours, how many minutes does it take to walk 3.37 miles? Round to 1 decimal.

Answers

Answer:

I think 35 min

Step-by-step explanation:

is y=-7/9x+2 proportional or non proportional

Answers

Yes it is proportional. Graph the relationship. If the graph is a straight line having a slope that is neither zero nor infinity, the relationship between the variables is proportional. Inspect the equation to see if it has (or can be made to have) the form y = kx, or x = ky, where k is a constant. In other words, if the slope of the line is neither zero nor infinity, it is proportional.

HELLLLPPPP MMEEEEEEEEEEEEEEE AHHHHHHH
#3 An art-supply store sells a pad of watercolor paper after a 78% markup. If the store sells the paper for $46.99, what is the wholesale price? *

Answers

I messed up so how do I erase my answer omg sorry ....

10.29 is the original price attached is my work

Roberto is 3 years older than Carolyn. In 7 years the sum of their ages will be 81. How old is Roberto now?

Answers

Answer: 35

the age of Roberto is x (x > 3)(x ∈ N)

because Roberto is 3 years older than Carolyn => the age of Carolyn is x - 3

in 7 years, the age of Roberto is x + 7; the age of Carolyn is x - 3 + 7 = x + 4

because  In 7 years the sum of their ages will be 81 =>

x + 7 + x + 4 = 81

⇔ 2x + 11 = 81

⇔ 2x = 70

⇔ x = 70/2 = 35

=>  the age of Roberto is 35

Step-by-step explanation:

Would someone mind helping me? I really need this answer but I'm so confused. I would appreciate any help :) and if you get the answer right, ill give you brainliest.

Answers

Answer:

A. the slope is -2

    the y-intercept is (0,1)

Step-by-step explanation:

If y=mx+b, m is the slope and b is the y-intercept.

If we replace the variables with y=-2x+1, we can see -2 is the slope and the y-intercept is (0,1).

a metal washer has a mass of 0.27 G and a volume of 0.1 CM3 what is its density​

Answers

Answer:

density equals mass over volume

D=.27G/ .1CM3

Step-by-step explanation:

hope this helps

)Kelly read 30 pages of her 300-page book in 6 hours. At this rate, how long will it take her to read the entire book? 60 hours 5 hours 6 hours 30 hours

Answers

Answer:

What would you want the answer in?

Step-by-step explanation:

Answer:

60 hours

Step-by-step explanation:

That is really slow reading

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