Sherri has $1000 to invest for the next 5 years. She can invest it at 4.65% per annum, compounded semi-annually, or at 5.15% per annum, compounded annually, or at 4.25% per annum, compounded quarterly. Calculate Sherri’s earnings for each plan and help her decide which plan is best.

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.