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 19:00
Solving systems of linear equations: tables represent two linear functions in a systemöwhat is the solution to this system? 0 (10)0 (1.6)0 18,26)0 18-22)
Answers: 1
question
Mathematics, 21.06.2019 19:30
:24% of students in a class are girls. if there are less than 30 students in this class, how many students are there? how many girls are there?
Answers: 2
question
Mathematics, 21.06.2019 20:30
For g(x) = 5x - 3 and h(x) = [tex]\sqrt{x}[/tex], find (g · h)(4)
Answers: 1
question
Mathematics, 21.06.2019 22:00
What is the value of the discriminant of the quadratic equation -2x = -8x + 8 and what does its value mean about thenumber of real number solutions the equation has?
Answers: 3
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
Mathematics, 27.10.2020 18:50
question
Mathematics, 27.10.2020 18:50
question
Health, 27.10.2020 18:50
question
Business, 27.10.2020 18:50