Mathematics, 26.06.2020 15:01 ReaFam
Most banks pay you interest to put money in their bank. That is so they can lend it to other people at higher interest rates. Stephanie has $10,000 she wants to put in a Certificate of Deposit (CD) account so she can make the most interest on her money. She found that U. S. Bank near her house pays 2% on CDs, and also compounds interest quarterly A. How much will Stephanie have in her CD account after 6 months at U. S. Bank? B. How much would Stephanie have in her account after 6 months if interest was not compounded, and the bank only used a simple interest formula to calculate? C. What observation can you make about the difference between simple and compound interest when it comes to your money in the bank?
Answers: 3
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Mathematics, 21.06.2019 20:30
Barbara has a good credit history and is able to purchase a car with a low-interest car loan. she co-signs a car loan for her friend jen, who has poor credit history. then, jen defaults on the loan. who will be held legally responsible by the finance company and why? select the best answer from the choices provided. a. barbara will be held legally responsible because she has a good credit history. b. jen will be held legally responsible because she drives the car. c. barbara will be held legally responsible because she is the co-signer. d. jen will be held legally responsible because she has a poor credit history. the answer is a
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Mathematics, 21.06.2019 21:40
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Mathematics, 21.06.2019 23:20
What is the slope of the line that contains the points (-5, 6) and (14. - 7)?
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Most banks pay you interest to put money in their bank. That is so they can lend it to other people...
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