suppose you have $10,000 to invest .which of these two rates would yield the larger amlount in 5 years : 9 %  compound monthly or 8.88% compounded continuously ?

Q: Ford needs $800 for a down payment on a car he would like to buy in 3 years. He found an account…

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Q: if I invest 1000 at 2% interest how long will it take to double my money

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Q: Name the formula that you use to solve the following problem. How much money should be deposited…

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Q: At the age of 32, to save for retirement, you decide to deposit $70 at the end of each month in an…

A: Formula Used-  A = P1 + rnnt - 1rn where A is the Future value P is the Deposit value at the end of…

Q: Mary invests $1500 in an account that earns an interest rate of 4% compounded continuously. Will she…

A: The objective of this question is to determine whether Mary will have enough money in her account…

Q: Christa wants to invest $50,000 in a retirement fund. One investment offers 8% compounded quarterly.…

A: Here we have, P=50000r=8%=0.08n=4 for quarterly compoundt=1 yearThe compound interest formula is…

Q: Hannah wants to have $ 4500 to help pay for a new deck in 7 years. If she wants to put her money…

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Q: A man wants to buy a $33,000 car. He will put 20 % down and finance the rest over 4 years. How much…

A: Cost of car = 33,000 Down payment = 6,600 Loan amount = 26,400 Here P (principal amount)=26,400 R=…

Q: Gasoline prices are rising at a rate of 0.4​% per month. What is their doubling​ time? By what…

A: The doubling time formula is Doubling time=log(2)log(1+increase) Where increase is the constant…