subject
Mathematics, 18.09.2019 00:00 wolfking800

Sam has $2,000 that he plans to invest either in a cd or a savings account. the value of the cd is given by the function a(t)=2000(1.002)^t, where t is the time in years, since the money was invested. the value of the savings account over 3 months is given in the table.
*table info*
time in months value in dollars
0. $2,000
1. $2,004.20
2. $2008.41
3. $2012.62
-find the monthly percent increase for the savings account.
-find the equivalent monthly interest rate for the cd.
-should sam invest in a cd or a savings account.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 14:30, gymnastlyfe123
Ou have a 20-ounce bottle of juice. you pour out 14 of the bottle to share with a friend. if you pour out 3 ounces for yourself, what fraction of the 20 ounces will be left in the bottle? clear check 35 25 12 1320
Answers: 2
image
Mathematics, 21.06.2019 18:00, purplefish53
Jose predicted that he would sell 48 umbrellas. he actually sold 72 umbrellas. what are the values of a and b in the table below? round to the nearest tenth if necessary
Answers: 2
image
Mathematics, 21.06.2019 18:30, gracebuffum
How far could you drive on 50 gallons of gas
Answers: 2
image
Mathematics, 21.06.2019 23:20, Ash1212
In the diagram below, abc is congruent to dec what is the value of x
Answers: 2
You know the right answer?
Sam has $2,000 that he plans to invest either in a cd or a savings account. the value of the cd is g...

Questions in other subjects: