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.

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 15:20, ibidnnudny2584

The data in the table represent the height of an object over time. which model best represents the data? height of an object time (seconds) height (feet) 05 1 50 2 70 3 48 quadratic, because the height of the object increases or decreases with a multiplicative rate of change quadratic, because the height increases and then decreases exponential, because the height of the object increases or decreases with a multiplicative rate of change exponential, because the height increases and then decreases

Answers: 1

continue

Mathematics, 21.06.2019 18:30, miayadeliss6910

How do you determine whether a relationship represented as as graph is linear or nonlinear

Answers: 1

continue

Mathematics, 21.06.2019 18:40, hansesk

Ten times the square of a non-zero number is eqaul to ninety times the number

Answers: 1

continue

Mathematics, 21.06.2019 20:00, raularriaga

You have 138.72 in your saving account u take out 45.23 and 18.00 you deposit 75.85 into your account