Mathematics, 04.02.2020 19:01 datbih12345
Sharon has $500 to use as an initial investment in a savings account or a cd account. the savings account pays 2.3% simple interest each year. the cd pays 1.8% annual interest compounded monthly.
write a function (model) that would give you the future value of the savings account in any number of years (use t for the unknown number of years).
write a function (model) that would give you the future value of the cd account in any number of years (use t for the unknown number of years). find the future value of both accounts in 20 years. which account should she choose?
Answers: 3
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Sharon has $500 to use as an initial investment in a savings account or a cd account. the savings ac...
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