Gomez isn’t sure what to do. Should he put his $3000 into an account paying 6% for 10 years compounded annually or should he put into an account paying 10% for five years?

Answers

Answer 1

Answer:

If these are the only two options, the most profitable is the first option (6% and 10 years).

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $3,000

Number of periods (n)= 10 years or 5 years

Interest rate (i)= 6% or 10%

To calculate the future value (FV), we need to use the following formula:

FV= PV*(1 + i)^n

6% interest rate:

FV= 3,000*(1.06^10)

FV= $5,372.54

10% interest rate:

FV= 3,000*(1.1^5)

FV= $4,831.53

If these are the only two options, the most profitable is the first option (6% and 10 years).


Related Questions

What is the volume of the Cylinder ? Use 3 14 round the answer to the nearest hundredth . h = 7in r = 7in

Answers

Answer:

V = 1077.02 in³

Step-by-step explanation:

To find the volume of a cylinder, we use this formula:

V = πr²h

Let's plug in what we know.

V = (3.14)(7)²(7)

Evaluate the exponent first.

V = (3.14)(49)(7)

Multiply.

V = 1077.02 in³

Hope this helps!

A data set is normally distributed with a mean of 27 and a standard deviation of 3.5.

Find the.z-score for a value of 25, to the nearest hundredth.

Answers

Answer: -0.57

Step-by-step explanation:

z-score: data - mean / standard deviation

25 - 27 / 3.5

= -0.57

Solve for x. Enter the solutions from least to greatest. Round to two decimal places. (x + 8)^2 - 7 = 0

Answers

Answer:

x

= − 5.35424868  , − 10.64575131

Step-by-step explanation:

Answer:

Step-by-step explanation:

(x+8)^2=7

(x+8) = [tex]\pm \sqrt7[/tex]

x = [tex]\sqrt7[/tex]-8 and -8-[tex]\sqrt7[/tex]

which is about -10.65 and -5.35

Three hikers wanted to share the weight of their backpacks equally. Their backpacks weigh 31, 37, and 25 pounds. How much weight should each hiker carry?
a) 31
b) 39
c) 93
d) 30

Answers

Answer:

A

Step-by-step explanation:

Answer:

The answer is A) 31

Step-by-step explanation:

31 +37 +25 = 93

93 divided by 3 = 31

Evaluate whether the value makes a true or false statement.
-16 < b-8, if b = -8
a. True
B) False

Answers

Answer:

False they would be equal

Step-by-step explanation:

Plz help me!!! Giving brainliest if someone else answers it. I put 2 questions

Answers

Answer:

1) C

2) A

Hope it Helps!

:)

please please help me im begging you T_T

Answers

S= 25
To find the rest you just do 180-25

Answer:

s = 25

r = 155

t = 155

Step-by-step explanation:

r + 25 = 180

t + 25 = 180

s + t = 180

Question 1

Which statement about the system of equations y = 3x + 9 and y = 3x – 4 is true?

A. No solution
B. Infinite solutions
C. Exactly one solution
D. Different y-intercepts so there are two solutions

Answers

Answer:

A. no solution

Step-by-step explanation:

y = 3x + 9

y = 3x - 4

Let's solve this.

We can see that both equations equal y, so we can set them equal to each other.

3x + 9 = 3x - 4

Combine like terms.

[add 4 to both sides]

3x + 13 = 3x

[subtract 3x from both sides]

13 = 0

This statement is not true; therefore, there is no solution.

If we look at the graph below, we can see the lines are parallel. Parallel lines will never intersect and have no solution in a system of equations.

Hope this helps!

please answer the questions

Answers

the answers are 5.)b 6.)c.

Please help I got the answer wrong-

Answers

Answer:

[tex]x {}^{2} = 150[/tex]

Step-by-step explanation:

What I did was

[tex]5 \times 5 = 25[/tex]

then I did

[tex]5 \times 5 = 25 \times 5 = 150[/tex]

and I'm hoping 150 is the answer. HOPE THIS HELPED

Hello I need help with this question. Can you please explain how to got your answer?

Answers

Answer:

B) y = 4/3x - 2

Step-by-step explanation:

In pic below.

Answer:

The correct answer is B

Step-by-step explanation:

hope it will help you

Consider the graphs of functions f(x) and g(x). Use the drop-down menu to complete the statement. On the interval 3≤x≤∞, function Choose... has a greater rate of growth.

Answers

Answer:

g(x) has the greater rate of growth

Step-by-step explanation:

Ma Lee swims for 4 weeks. Each week she swims for 6.3 hours. How many hours does Ma Lee swim in 4 weeks? *

Answers

Answer:

13.2

Step-by-step explanation:

multiply 6.3×4

she swims 6.3 hours per week for 4 weeks. to find the answer you just need to multiply then together

Answer: Ma Lee swims for (4x6.3) which equals 25.2

Step-by-step explanation:

If you write them stacked on top of each other like this

6.3

6.3

6.3

6.3

when you add up the tenths place first you get 12 so regroup the 1 over to the ones place and put 2. Next add up 6's 6x4 equals 24 but dont forget the regrouped 1. Add 24+1=25. So altogether your answer is 25.2.

Find m

Someone pleaseee helpp

Answers

Answer:

107°

Step-by-step explanation:

m∠m+m∠p= 180°

(7x+31)°(21x-19)°=180°

7x+31+21x-19= 180

7x+21x=180+19-31

28x=168

x= 168/28

x= 6

m∠p= (21x-19)°

= (21(16)-19)°=(126-19)°

= 107°

------------

hope it helps..

have a great day!!

A mini-golf course charges a group rate of $6 plus a fee to rent each putter. A family rents
putters and pays a total of $27.

Answers

Answer:

i think im not sure but i got 4.5

Step-by-step explanation

reasoning for my 4.5 LOL i divided 27 by 6 and i think the 4.5 is the fee maybe? im not sure there isnt much information i can go off of. but i hope this helped.

Mandy made a circular flower garden with a
diameter of 7 feet. She wants to put a fence
around the outside of the garden. About how
much fence does Mandy need to buy? (Use 3.14
for r.)
A.
11 feet
B. 22 feet
C. 38 feet
D. 44 feet

Answers

Answer:

b. 22

Step-by-step explanation:

7 x 3.14 = 21.95

( you have to buy 22 because you connot buy half of one so

you have to round up)

21.95 - 22

PLEASE HELP!! I WILL GIVE BRAINLIEST!!

A rubber ball is dropped from 60 ft. high and bounces 5/6 as high on each bounce. What is the vertical distance it has traveled by the 4 ^ (th) bounce?

Answers

Answer:

28.9351851852

Step-by-step explanation:

Ramsay cuts out a piece from a circular cardboard for a school project. The radius of the cardboard is 10 inches and the measure of the central angle is 54 degrees, as shown.

What is the length of the curved boundary of the piece of the cardboard Ramsay cuts out?
Leave in terms of π.

Answers

Answer:

34 inches

Step-by-step explanation :

54/360 X 20

What is the area of a garden plot that measures 6 1/2 feet by 4 feet?​

Answers

Answer:

26 sq. ft.

Step-by-step explanation:

So 6 1/2*4

6*4=24, 1/2*4=2

24+2=26

Write an inequality for this statement . ( you do not have to solve) Miguel is planning on going to the arcade with $17.60 in his pocket. It will cost him $8 to get there and get home by a taxi . If all games cost 25 cents . Write and solve an inequality to show the number of games he can play.

Answers

Answer:

8 + .25x < 17.60

Step-by-step explanation:

The inequality sign should be less or equal to 17.60, but I don't have that on my phone.

What is the value of y in the equation 2(3y − 15) = 0?

Answers

Answer:

y = 5

Step-by-step explanation:

2(3y - 15) = 0

6y - 30 = 0

6y - 30 + 30 = 0 + 30

6y = 30

6y ÷ 6 = 30 ÷ 6

y = 5

The table below shows the amount of money Michelle has
in her savings account each month.
Month
0
1
2
3
Savings ($$)
50
65
80
95
Michelle deposited the same amount every week. Based on
this information, which statement about the table is true?
A.
The slope represents the total amount of money in
Michelle's savings account. The slope is $50.
B.
The slope represents the amount of money Michelle
deposited each month. The slope is $15.
C.
The slope represents the amount of money Michelle
began with in her savings account. The slope is $50.
D.
The slope represents the number of months Michelle
saved. The slope is 3

Answers

Answer: b
Explanation: every month she get $15 more added which means the slope is $15

Write each verbal expression as an algebraic expression.

6 times the difference of d and 5

help please

Answers

Answer:

6(d-5)

Step-by-step explanation:

i think this must be the equation

Determine whether the Law of Cosines or the Law of Sines is needed to solve the triangle a = 11, b = 13, c = 7

Answers

Answer:

Step-by-step explanation:

Use the Law of Cosines:

c^2 = a^2 + b^2 - 2ab*cos C becomes

7^2 = 11^2 + 13^2 - 2(11)(13)cos C.

Once you have cos C, and then side c, you can use the Law of Sines to find the other two interior angles.

Height is 7 inches and the diameter is 2 inches what is the radius

Answers

Answer,  1

The radius is half the diameter

The radius is 1 inch because the radius is half the diameter

PLEASE HELP!! Write the equation on the line that matches the table.

Answers

pretty sure it would be y=3x+4

A jewelry designed a new box for earrings. The box is to be covered in leather. How much leather will be needed?

Answers

Answer:

76.8 I believe

PLEASE HELP MEEE ITS DUE IN 30 MINUTES!

Answers

Answer:

(suprisingly easy) 6x3x4=72 in.

Step-by-step explanation:

Answer:

look for the formular of volume

Only answer if you are 100% sure about the answer.

Answers

Answer:

180

Step-by-step explanation:

Answer: 180ft^3

Step-by-step explanation:

How many lines of symmetry does this rectangle have?
A. 1
B. 2
C. 3
D. 4
E. 5

Answers

Answer:

A rectangle has 4 sides with C: Two Lines of Symmetry.

Step-by-step explanation:

Other Questions
What are the oldest known living trees on earth?A-white pinesB-baobab treesC-empress treesD-bristlecone pines 13 Find the surface area of the cylinder. Round to the15.in19 in.Not drawn to scaleA 1791 in.B. 11281 in.C3204 inD. 5815 in.2Please help Im doing a test and its being timed What led to the Overthrow of the Shah during the Iranaian Revolution?A) His attempt to westernize IranB) He angered a lot of religious leaders in Iran.C) A powerful Ayatollah began to push for the citizens of Iran to oppose the ShahD) All of the Above The difference between a dot matrix printer and a line printer Abby invested 4,500 in a saving account where she earned 2.5%interest compounded quarterly. She miscalculated what the accumulated value would be in her account after 5 year Writing as President Lincoln, compose a short memo that predicts which constitutional principles are most likely to change as a result of the Civil War and which are most likely to remain strong. Which new constitutional principles might develop as a result of the war? Why? Which of the following are possible answers you might get when solving a system of equations? Select all that applyA. One SolutionB. No SolutionC. Infinite SolutionsD. Unique Solutions A hair salon uses 4 bottles of shampoo for every 3 bottles of conditioner.The coordinate plane shows a graph of equivalent ratios.Use the graph to find the number of bottles of conditioner that are used when 16 bottles of shampoo are used.Answers A 3 bottles of conditionerB 6 bottles of conditionerC 12 bottles of conditionerD 20 bottles of conditioner Sara is making a key chain using the bead design shown.What fraction of the beads in her design are either red or blue?pcagm15g560619 What are good ways to write topic sentences for an essay that doesnt sound like youre repeating your thesis? Which example of word choice from this sentence best illustrates a conversational, intimate diary style?I'm real happy to have the opportunity to record thoughts and feelings in a personal diary.a. I'm real happyb. to have the opportunityc. to record thoughts and feelingsd. in a personal diary 2. Identifica si las parejas de tringulos son congruentes. Escribe cul de los criterios te permite comprobarlo. PLZZ HELP I WILL GIVE 100 points to whoever gets it right How much power is needed to move a 2000 kg mass from the bottom of the 150 m talk great pyramid in Egypt up a ramp if the ramp has a mechanical advantage of 4 and it takes the workers 30 minutes to move the mass? Part B: Which TWO phrases from the paragraph best support the answer to part A? What is the solution of the linear system?3x + 3y = 5x + y = 6A. No solution B. Infinitely may solutions C. (1, -6)D. (-3, 2) ASAP PLEASE HELP!!! How many cubic feet of sand will fill a sandbox with the following dimensions: 6 ft long x .5 ft high x 5 ft wide? Sami opened an account with a deposit of $4,000. The bank pays 3.5% annual simple interest on this account Sami did not make any additional deposits or withdrawals.How long will it take for Sami to earn $2,100 in interest on thisaccount? Provide the complementary DNA for the following DNA sequence: A T G C T A G G G T A A T T C G How will the boat be affected if it enters a part of the river where the current is moving south at 2 m/s?