subject
Mathematics, 20.05.2021 17:50 preservations

An investment banker is responsible for investing a customer’s money into the greatest interest earning account. The banker has the following options for his customer’s investment: Account A:
interest rate = 8%
term of investment = 8 years
interest compounded annually Account B:
interest rate = 7%
term of investment = 10 years
interest compounding continuously

Which account, A or B, will earn the customer the greatest amount of interest on his $50,000 investment? In your final answer, include all of your calculations.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 22.06.2019 03:00, jdkrisdaimcc11
Gabrielle's age is three times mikhail's age. the sum of their ages is 40 . what is mikhail's age? __ years old
Answers: 2
image
Mathematics, 22.06.2019 03:00, tylerbrewton23
The hockey team has been great! in 2008 they won 20% more games than in 2007. in 2009 they won 50% more games than in 2008. what was their overall percentage increase from 2007 through 2009?
Answers: 2
image
Mathematics, 22.06.2019 04:00, AmbitiousAndProud
Which of the following questions describes the equation g + (-4) = -5? a)what number, when added to negative four, is equal to negative five? b)what number, when added to negative five, is equal to negative four? c)what number, when subtracted from negative four, is equal to negative five? d)what number, when subtracted from negative five, is equal to negative four?
Answers: 1
image
Mathematics, 22.06.2019 04:30, boog89
How do you figure out which order to do two step equations in? like which thing do you subtract/add/multiply/divide first? i understand that you do the opposite of whatever's shown on the opposite side, but when?
Answers: 2
You know the right answer?
An investment banker is responsible for investing a customer’s money into the greatest interest earn...

Questions in other subjects: