Mathematics, 03.08.2020 14:01 landonp101

Cedric has deposited $12,000 into an account that pays 5% interest compounded annually. Daniel has deposited 12,000 into an account that pays 7% simple annual interest. In 15 years Cedric and Daniel compare their respective balances. To the nearest dollar, what is the positive difference between their balances?

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 17:00, moningersavannah

How do businesses a country's economy? a. by investing in goods and services b. by increasing the unemployment rate c. by making profits

Answers: 2

continue

Mathematics, 21.06.2019 19:30, deemy0292

At 6 1/2 cents per pound of string beans how much does 7 pounds cost

Answers: 1

continue

Mathematics, 21.06.2019 21:00, arthurdolz

Adesigner charges a one time fee of $200 plus $40 an hour for each project. write an expression to represent how much money the designer will make for a project

Answers: 1

continue

Mathematics, 22.06.2019 01:30, imran2k13

Adriana had a garden where he measured the height of a corn plant. what. on the first day, it was 145 cm tall. after 2 weeks is grew by 23 cm. what is the height of the corn plant

Answers: 1

continue

You know the right answer?

Cedric has deposited $12,000 into an account that pays 5% interest compounded annually. Daniel has d...