subject
Mathematics, 03.06.2021 06:50 jr116641

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 15:00
Of four points are collinear, they are also coplanar
Answers: 2
question
Mathematics, 21.06.2019 21:00
Estimate the area under the curve f(x) = 16 - x^2 from x = 0 to x = 3 by using three inscribed (under the curve) rectangles. answer to the nearest integer.
Answers: 1
question
Mathematics, 21.06.2019 21:30
Two friends are reading books. jimmy reads a book with 21,356 words. his friend bob reads a book with one-and-a-half times as many words. which expression represents the number of words bob reads?
Answers: 3
question
Mathematics, 21.06.2019 23:00
The areas of two similar triangles are 72dm2 and 50dm2. the sum of their perimeters is 226dm. what is the perimeter of each of these triangles?
Answers: 1
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
Computers and Technology, 01.12.2020 19:50
question
Mathematics, 01.12.2020 19:50
question
Mathematics, 01.12.2020 19:50
question
Mathematics, 01.12.2020 19:50
question
Health, 01.12.2020 19:50
question
Mathematics, 01.12.2020 19:50