nikicurt143 nikicurt143

02-05-2017
Mathematics

contestada

Shannon is choosing between two different saving account for her college fund the first account compounds interest semiannually at a rate of 11.0%. The second account compounds interest continuously at a rate of 10.8%. If Shannon plans to keep her money in the account for 5 years which account should she choose? Explain

Respuesta :

Aliwohaish12 Aliwohaish12

03-05-2017

100×(1+0.11÷2)^(2×5)
=170.81

100×e^(0.108×5)
=171.60
So she should choose the account which pays the interest continuously

Answer Link

Otras preguntas

A student obtains the following data in a calorimetry experiment designed to measure the specific heat of aluminum. Initial temperature of water and calorimeter

6. Enuanuel was speaking with a friend from another country. His friend toldhim that the speed limit on most highways is 100 kilometers per hour in hercountry.

How is the disorder diagnosed? What treatments or lifestyle changes are necessary?

Write the equation for the inverse of the function. y = Arcsin 3x A) y = sin 3/x B) y = 3 sin x C) y = 1/3 sin x D) y = sin 3x

An engineer designed a valve that will regulate water pressure on an automobile engine. The engineer designed the valve such that it would produce a mean pressu

1. Which figure has reflection symmetry? 2. Select all the polygons that have reflection symmetry.

Joe Jackson opened Jackson's Repairs, Inc. on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's

GDP excludes most items that are produced and sold illegally and most items that are produced and consumed at home becausea. the quality of these items is not h

The nucleolus __________. a. is rich in ribosomal RNA b. organizes the spindle fibers for cell division c. contains the hereditary blueprint of the cell d.

Select the correct answer. What did the Federal Reserve Act create?