subject
Mathematics, 01.02.2020 00:03 im1stupid1asf

You have just received an inheritance of $28,000 and would like to invest it into an account. the bank offers two investment plans, one for 4 years at 5.8% compounded annually and another for 3 years at 7.083% compounded annually. you want to make equal annual withdrawals from the account over the life time of the loan. which investment will yield the highest return over the duration of the loan, given that the account will be zeroed out by the end of that period?

a. 3 year account; $32,056.89
c. 3 year account; $24,130.77
b. 4 year account; $42,742.52
d. 4 year account; $32,174.36

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
What could explain what happened when the time was equal to 120 minutes
Answers: 2
question
Mathematics, 21.06.2019 17:00
Steve wants to develop a way to find the total cost of any item including sales tax. the sales tax in his city is 6%. his friend jenna writes the expression x + 6x where x is the cost of the item. explain whether her expression is correct based on the situation.
Answers: 1
question
Mathematics, 21.06.2019 19:20
Askyscraper is 396 meters tall. at a certain time of day, it casts a shadow that is 332 meters long.at what angle is the sun above the horizon at that time?
Answers: 1
question
Mathematics, 21.06.2019 23:00
Which point has an coordinates of (2,0) ? a
Answers: 1
You know the right answer?
You have just received an inheritance of $28,000 and would like to invest it into an account. the ba...
Questions
question
Social Studies, 14.01.2021 01:00
question
Mathematics, 14.01.2021 01:00
question
Mathematics, 14.01.2021 01:00
question
Mathematics, 14.01.2021 01:00
question
History, 14.01.2021 01:00
Questions on the website: 13722359