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

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 12:50, elviaortiz402373
What is the pattern in the values as the exponents increase?
Answers: 3
image
Mathematics, 21.06.2019 19:30, emopandabogard8712
Find the coordinates of point x that lies along the directed line segment from y(-8, 8) to t(-15, -13) and partitions the segment in the ratio of 5: 2.
Answers: 1
image
Mathematics, 21.06.2019 20:10, MikeWrice3615
What additional information could be used to prove abc =mqr using sas? check all that apply.
Answers: 1
image
Mathematics, 21.06.2019 22:00, arrissa1234hinkle
Iknow its nothing to do with education, but what type of thing should i wrote here? ? : ) its for mcdonald's btw.
Answers: 1
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 in other subjects:

Konu
Mathematics, 06.04.2020 19:26
Konu
History, 06.04.2020 19:26