Mathematics, 15.04.2020 23:03 miyah1199
Company A is offering $10,000 for the first month and will increase the amount each month by $5,000 Company B is offering $500 for the first month and will double their payment each month. For which monthly payment will Company B’s payment first exceed Company A’s payment? Round your answer to the nearest whole month. Prove your answer is correct.
Answers: 1
Mathematics, 21.06.2019 16:30, kayleefaithblair
Scott harris can invest $7,000 in a 1-year cd that earns interest at an annual rate of 4 percent compounded monthly. the amount per $1.00 is 1.040742. he can also invest $7,000 in a 1-year cd at annual rate of 4 percent compounded quarterly. the amount per $1.00 is 1.040604. what is the difference in the amount of interest earned for each investment? a) $0.96 b) $0.81 c) $0.87 d) $0.88
Answers: 1
Company A is offering $10,000 for the first month and will increase the amount each month by $5,000...
Engineering, 20.07.2019 03:20