A. Compute the balance in an account if $25,000 is invested for 5 years with an APR of 3% compounded daily. The balance in the account will be? B. For the same principal, APR, and time above, compute the balance in the account if it were compounded annually. The balance in the account will be? C. Discuss the difference in the answers above and give a possible explanation. ​

Answers

Answer 1

Answer:

A.  $29,045.68

B.  $28,981.85

C. Compound daily applies interest everyday over a period of 365 days in a year. Compound annually only applies the 3% interest once a year.

Step-by-step explanation:

3% compounded daily:

   A = P(1 + r/n)^nt

      = 25000(1 + [tex]\frac{.03}{365}[/tex])^365(5)

      = 25000(1.00008219)¹⁸²⁵

      = 25000(1.161827)

      = 29045.6770

3% compounded annually:

   A = P(1 + r/n)^nt

      = 25000(1 + [tex]\frac{.03}{1}[/tex])^1(5)

      = 25000(1.03)⁵

      = 25000(1.159274)

      = 28981.8518


Related Questions

Find the product.
(t - ys)(8t - ys)

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8t^2-9sty+s^2y^2 it’s answer

Plz help do questions 9 and 10 I will give brainlest

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Answer:

9. B.) c=28h

10. C.) 5x=45y

Step-by-step explanation:

1. 84 cards in three hours 84/3 = 28 cards per hour

2. 2x=18y which means x=9y, x 5 = 5x = 45y

Angela went to the farmers' market to buy some vegetables. She wanted some yellow squash and zucchini which were both on sale for $1.48 per pound. Angela bought 245 pounds of yellow squash and 3110 pounds of zucchini. To the nearest cent, what was the total cost of the vegetables?

Answers

Multiple both the numbers so 1.48*245
And 1.48*3110 and then add the numbers you got together 4,965.40 make sure those are the numbers for pounds

The total cost of 245 pounds of squash and 3110 pounds of zucchini is  $4965.4.

What is Unitary method?

In order to solve a problem for two different values of a quantity, its unit value is first derived. This method is known as unitary method.

Given that,

The unit rate for squash and zucchini is $1.48 per pound.

In order to calculate the cost for 245 pounds of squash and 3110 pounds of zucchini unitary method can be used as follows,

The cost for 245 pounds of squash is 245 × 1.48 = $362.6

And, the cost for 245 pounds of squash is 3110× 1.48 = $4602.8.

Thus, the total cost is given as 4602.8 + 362.6 = $4965.4.

Hence, the total cost of vegetables at the given rate is $4965.4.

To know more about unitary method click on,

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1.‌‌ ‌‌Escreva‌ ‌na‌ ‌forma‌ ‌fatorada:‌ ‌ ‌ a.‌‌ ‌‌51‌ ‌ b.‌‌ ‌‌56‌ ‌ c.‌‌ ‌‌65‌ ‌ d.‌‌ ‌‌77‌ ‌ e.‌‌ ‌‌48‌ ‌ f.‌‌ ‌‌50‌ ‌ g.‌‌ ‌‌80‌ ‌ h.‌‌ ‌‌99‌ ‌ i.‌‌ ‌‌108‌ ‌ j.‌‌ ‌‌132‌ ‌ k.‌‌ ‌‌210‌ ‌ l.‌‌ ‌‌180‌ ‌ m.‌ ‌‌234‌ ‌

Answers

Answer:

por favor, verifique a explicação

Step-by-step explanation:

Queremos escrever cada um dos números como uma multiplicação de seus fatores; Procedemos da seguinte maneira;

a. 51 = 3 * 17

b. 56 = 2 * 2 * 2 * 7

c. 65 = 5 * 13

d. 77 = 7 * 11

e. 48 = 2 * 2 * 2 * 2 * 3

f. 50 = 2 * 5 * 5

g. 80 = 2 * 2 * 2 * 2 * 5

h. 99 = 3 * 3 * 11

i. 108 = 2 * 2 * 3 * 3 * 3

j. 132 = 2 * 2 * 3 * 11

k. 210 = 2 * 3 * 5 * 7

l. 180 = 2 * 2 * 3 * 3 * 5

m. 234 = 2 * 3 * 3 * 13

Can someone please help me I will really appreciate it .

Answers

P= -7 is your answer

Step-by-step explanation:

Hey there!

Here;

The given points are; (6,5) and (9,p).

Slope (m)= -4

Use slope formula;

[tex]m = \frac{y2 - y1}{x2 - x1} [/tex]

Put all values.

[tex] - 4 = \frac{p - 5}{9 - 6} [/tex]

Simplify it to get answer.

[tex] - 4 = \frac{p - 5}{3} [/tex]

[tex] - 12 + 5 = p[/tex]

Therefore, p= -7.

Hope it helps...

Jane and Jillian are hiking around a hill and one complete circle is 8 miles long. They start together but hike in opposite directions. Both start to hike at 8:00 AM. Jane's hiking speed is 3 mph and Jillian's hiking speed is 5 mph. How long will it take before they meet? At what time will they meet? In how many hours? What time will they meet at?

Answers

Answer:

It will tale 1 hour before they meet and they will meet agin at 9 :00 AM.

Step-by-step explanation:

Speed of Jane, [tex]v_1=3[/tex] mph

and the speed of Jillian, [tex]v_2= 5[/tex] mph.

Length of one complete circle = 8 miles.

Both are moving in the opposite direction, let the starting point is at O, and met at the point P after time, t, as shown in the figure.

Let the length covered by Jane via path OAP= x miles.

[tex]\Rightarrow x= 3t[/tex] [as distance= speed x time]

[tex]\Rightarrow t=x/3 \cdots(i)[/tex]

The length covered by Jillian via path OBP [tex]= 8-x[/tex] miles

[tex]\Rightarrow 8-x= 5t[/tex] [as distance = speed x time]

[tex]\Rightarrow t=(8-x)/5 \cdots(i)[/tex]

Now from equation (i) and (ii),

[tex]\frac{x}{3} = \frac{8-x}{3}[/tex]

[tex]\Rightarrow 5x=3(8-x)[/tex]

[tex]\Rightarrow 5x+3x=24[/tex]

[tex]\Rightarrow x=3[/tex]

So, the distanc covered by Jane = 3 miles and

the distanc covered by Jillian = 8-3=5 miles

From equation (i), time taken, t = 3/3= 1 hour.

So, it will tale 1 hour before they meet.

As the startion time was 8:00 AM, so the will agin meet at 9 :00 AM.

answer with explanation pls​

Answers

Answer:

8.69>8.6

Step-by-step explanation:

Because 8.69 has .09 more than 8.6

Answer:

8.69 > 8.60

Step-by-step explanation:

You need to add a zero to the end to 8.6 so it's easier to compare. Since all the digits in the two numbers are the same except 9 and zero, those are what you need to compare. 9>0, so 8.69 > 8.6

hope this helped! :)

Given the graph what is a,h,k

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We can answer this without knowing witch plots are witch

need it by 10 please .

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Answer:thats tuff

Step-by-step explanation:

Study, thank you for tuning in my Ted talk.

a=x+y/2 Solve for y
I need this ASAP, please

Answers

Answer:

2A=

Step-by-step explanation:

Being in the same denominator makes the task much simpler.

Explanation:

A

=

X

+

Y

2

Simplify using the property

a

b

=

m

n

a

×

n

=

b

×

m

2

A

=

X

+

Y

2

A

X

=

Y

Hopefully this helps!

Answer:

the answer is y = 2a - 2x

Step-by-step explanation:

That's what I get when I solve for y

drag each item to its correct place es de monomios​

Answers

Answer:

Step-by-step explanation:

-2x

Grado : 1

Coefficiente  : -2

Parte literal :   x

x²y⁴:

Grado : 2+4 = 6

Coefficiente  : 1

Parte literal :   x²y⁴

Two less than seven times a number c is written as

Answers

Answer :

7c - 2

That's your answer .

Find the x- and y-intercepts of the graph of the linear equation −4x+8y=−16.

The x-intercept is
.

The y-intercept is

Answers

Answer:

x-intercepts is (4,0)

y -intercepts is (0,-2)

Step-by-step explanation:

Using slope intercept form, x- intercept is (4,0) and y - intercept is (0,-2)

What is slope intercept form and how it can be used to find y and x intercept of the line?

The slope intercept of a line is given by the equation y = m x+ c

y is y coordinate, x is x coordinate, m is the slope of the line

c is y- intercept of the line

y- intercept can also be found if a point on the line is given say (a, b) and slope is given .We put this point  in the given slope intercept form and find c.

For finding x - intercept, put y = 0 in the equation and find value of x.

Given line -4x +8y = -16

Then add 4x both sides , we get

⇒4x+4x +8y = -16+4x

⇒ 8 y = 4x -16

Divide both sides by 8

⇒ y = (4/8) x - (16/8)

y = (1/2)x -2

Comparing this equation with y =mx+c

c =-2

Put y = 0 in the equation y = (1/2)x -2

⇒ 0 = x/2 -2

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4 =x

Therefore x- intercept is (4,0) and y - intercept is (0,-2)

Also, learn more about the slope intercept form from the link below:

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slove this for me please​

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-10

Step-by-step explanation:

divide both sides by -4

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subtract 8 from both sides

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What is the value of
log,
OA.
1
B.
2
O c.
3
OD. 27
Plz I need help I'm doing my test right now!!!!

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The correct answer is b) 2

just help and explain. tryna bring up my grade lol and no it’s not a test.

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Answer:

0

Step-by-step explanation:

Answer: WE create 0

Step-by-step explanation: SINCE 5 and -5 are opposites they cancel out to 0.

27. Mrs. Smith bought stock valued at $142.00 per share and sold it
for $153.83. What was the percent of profit?

Answers

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8 1/3

Step-by-step explanation:

153.83/142=1.0833333, meaning she made an additional 8.33333 percent more profit.

Find the product

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Answers

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-72

Step-by-step explanation:

(-4)(-9)(-2)=

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Choole a line m that passes through point, P, and is parallel to linel.

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c

Step-by-step explanation:

Which of the following is r^2 + 4s evaluated for r = 4 and s = 1.5?
14
30
38
22

Answers

Answer:

22

Step-by-step explanation:

Once you fill in the variables your equation will look like this::4^2+4(1.5)::you will the go multiply both parts of the equation leaving you with 16+6 and when you add those together you get 22.

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Find the value of 10 to the 4th power.

Answers

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Step-by-step explanation: 10x10x10x10=10,000.

Answer:

10000

Step-by-step explanation:

What is the slope-intercept form of equation of the line with a slope of 3 and y-intercept at origin?

Answers

Answer:

y=3x

Step-by-step explanation:

Equation is y=mx+b

Slope is 3/1 or 3x.

Y-intercept is at the origin or (0,0), so you take the y-coordinate.

Plug them into the equation.

y=3x+0 or y=3x

Brad sells each cup of lemonade for $0.50 he wrote.

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Answer:

What are we supposed to solve??? its incomplete

Step-by-step explanation:

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Answer:

"past" is one

Step-by-step explanation:

Answer:

past is one okkkk kkkkjjjjj

Kay needs to fix part of her fence.She can buy 6 feet of fencing for $32.00 at a fencing store or 10 feet of fencing for $52.50 at a home store.She visits another store that sells 8 feet of fencing for a certain cost.The cost per foot is between that at the fencing store and the home store.How much the store charge for 8 feet of fencing?

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Answer

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Step-by-step explanation:

each foot is 5.33 so 5.33 x 8 is 42.66

* + 86
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Step-by-step explanation:

Answer:

I think is x=-20

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Which statement about the number 49 is true

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Answer:

F.

Step-by-step explanation:

Prime means that it is only divisible by 1 and itself, and we know that it is also divisible by 7, therefore it is a composite number because it has 1, 7, and 49 as factors.

What is the domain of the function below?

Answers

Answer:

[-4, 4]

Step-by-step explanation:

Domain is the set of x-values that can be inputted into function f(x).

From the graph we see that our x-values span from -4 to 4. Since both are closed dots, they are included in the domain (use brackets):

[-4, 4] or -4 ≤ x ≤ 4

Multiply.
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Answer:

408.2436

Step-by-step explanation:

Answer:

408.2436 is the answer, you can use calculator too if you want

SOMEONE HELP ME WITH THIS PLSSS ITS REALLY IMPORTANT IDK WHAT TO DO ​

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A) 13
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D) 5
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