Mathematics, 20.09.2020 17:01 makenahbriana
Which option is better if saving for college or
retirement assuming the interest rates are the
same: a compound interest savings account or a
simple interest savings account? TEK58 120-
If invested over the same period of time, a simple
interest account and a compound interest account
will result in the same investment benefit
A simple interest savings account is a better
investment because the interest is earned on the
principal and accumulated interest and not just on
the beginning principal as with a compound
interest savings account
A compound interest savings account is a better
investment because the interest is earned on the
principal and accumulated interest and not just on
the beginning principal as with a simple interest
savings account
O A compound interest savings account is a better
investment because the interest is compounded a
greater number of times than a simple interest
account:
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Answers: 2
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How does the graph of y = 3x compare to the graph of y = 3-x?
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According to a research study, parents with young children slept 6.4 hours each night last year, on average. a random sample of 18 parents with young children was surveyed and the mean amount of time per night each parent slept was 6.8. this data has a sample standard deviation of 0.9. (assume that the scores are normally distributed.) researchers conduct a one-mean hypothesis at the 5% significance level, to test if the mean amount of time parents with young children sleep per night is greater than the mean amount of time last year. the null and alternative hypotheses are h0: μ=6.4 and ha: μ> 6.4, which is a right-tailed test. the test statistic is determined to be t0=1.89 using the partial t-table below, determine the critical value(s). if there is only one critical value, leave the second answer box blank.
Answers: 3
Which option is better if saving for college or
retirement assuming the interest rates are the
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