subject
Mathematics, 30.11.2021 05:30 samueldfhung

Kevin plans to retire in 30 years, and he plans to save up $250,000 for retirement. He has two options • Plan 1: compounded monthly with an APR of 3.3%
• Plan 2: compounded quarterly with an APR of 3.5%
Compare these two options to see which one is more beneficial for Kevin. When you make the comparison,
you should at least calculate
1. the amount he needs to deposit each time period
2. the total interest accrued

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 22:30
What fraction is equivalent to 0.46464646··· a. 46⁄999 b. 46⁄100 c. 46⁄99 d. 23⁄50
Answers: 1
question
Mathematics, 21.06.2019 23:00
Joey is asked to name a quadrilateral that is also a rhombus and has 2 pairs of parallel sides.should be his answer
Answers: 1
question
Mathematics, 21.06.2019 23:30
Afriend of mine is giving a dinner party. his current wine supply includes 10 bottles of zinfandel, 8 of merlot, and 11 of cabernet (he only drinks red wine), all from different wineries. (a) if he wants to serve 3 bottles of zinfandel and serving order is important, how many ways are there to do this? ways (b) if 6 bottles of wine are to be randomly selected from the 29 for serving, how many ways are there to do this? ways (c) if 6 bottles are randomly selected, how many ways are there to obtain two bottles of each variety? ways (d) if 6 bottles are randomly selected, what is the probability that this results in two bottles of each variety being chosen? (round your answer to three decimal places.) (e) if 6 bottles are randomly selected, what is the probability that all of them are the same variety? (round your answer to three decimal places.)
Answers: 3
question
Mathematics, 22.06.2019 00:00
The function f(x)= x5+ ( x + 3)2 is used to create a table. if x = -1 then what is f(x)?
Answers: 1
You know the right answer?
Kevin plans to retire in 30 years, and he plans to save up $250,000 for retirement. He has two optio...
Questions
question
History, 07.05.2021 17:00
question
Mathematics, 07.05.2021 17:00
question
Mathematics, 07.05.2021 17:00
question
Biology, 07.05.2021 17:00
question
Mathematics, 07.05.2021 17:00
Questions on the website: 13722363