subject
Mathematics, 03.06.2021 06:10 Joshuafranklindude

You get a gift of $1,000.  You decide that you want to invest all of the money in a savings account.  However, your bank has two different savings plans.  Determine the final amount in the account for each plan in 5 years.  Round your answers to two decimal places if needed.   
Plan A:  The bank gives you 4% interest rate and it is compounded every two months.  
 
Plan B:  The bank gives you a 10% interest rate and compounds the interest every 6 months.

Final Account balance for Plan A: $ 
 
Final Account balance for Plan B: $

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 16:20
Aclass consists of 55% boys and 45% girls. it is observed that 25% of the class are boys and scored an a on the test, and 35% of the class are girls and scored an a on the test. if a student is chosen at random and is found to be a girl, the probability that the student scored an ais
Answers: 2
question
Mathematics, 21.06.2019 20:20
Complete the input-output table for the linear function y = 3x. complete the input-output table for the linear function y = 3x. a = b = c =
Answers: 2
question
Mathematics, 21.06.2019 23:30
Peyton's field hockey team wins 4 games out of every 7 games played. her team lost 9 games. how many games did peyton's team play?
Answers: 2
question
Mathematics, 22.06.2019 00:40
Solve the following system of equations express your answer as an ordered pair in the format (a,b) with no spaces between the numbers of symbols 5x+2y=22
Answers: 2
You know the right answer?
You get a gift of $1,000.  You decide that you want to invest all of the money in a savings account....
Questions
question
Arts, 17.02.2021 09:30
question
Mathematics, 17.02.2021 09:30
question
Health, 17.02.2021 09:30
question
Mathematics, 17.02.2021 09:30
question
Computers and Technology, 17.02.2021 09:30
question
Mathematics, 17.02.2021 09:30
question
Health, 17.02.2021 09:30
question
World Languages, 17.02.2021 09:30
question
Mathematics, 17.02.2021 09:30
Questions on the website: 13722367