subject
Mathematics, 28.01.2022 16:50 vanvalenpeyt

Help? 1. Research interest rates for a savings account, checking account, and money market

account at different financial institutions. Note the compounding period for each. How much would $10,000 be worth in each account in 50 years?

2. The state lottery offers to pay winnings in 25 annual payments or one lump sum, sometimes called a cash-out option. This week’s lottery has a jackpot of $30 million and a cash-out value of $18.2 million. Granted that the odds are highly unlikely one would win, which option should a winner take—annual payments or a lump sum? Why?

3.Pick an expensive item you want to buy within the next five years. Using current interest rates, find out how much you would have to save today. List the possible roadblocks to reaching the goal.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 19:30, tayleeanntabeln2226
Write a function rule for the table. hours worked pay 2 $16.00 4 $32.00 6 $48.00 8 $64.00 p = 16h p = 8.00h p = h + 16 h = 8.00p
Answers: 1
image
Mathematics, 21.06.2019 20:00, piyonax
What is the total area of the figure?
Answers: 1
image
Mathematics, 21.06.2019 23:00, Pingkay7111
Which geometric principle is used to justify the construction below?
Answers: 1
image
Mathematics, 22.06.2019 00:30, valdezangie10
Fiona has to plot a histogram of the given data
Answers: 1
You know the right answer?
Help? 1. Research interest rates for a savings account, checking account, and money market

Questions in other subjects:

Konu
Geography, 04.07.2019 23:00
Konu
Mathematics, 04.07.2019 23:00