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Home Q & A Board Science-Related Homework Help Mathematics
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lizsmith lizsmith
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4 years ago

Question 1.

Which is the better choice: $1000 deposited for a year at a rate of 5.5% compounded monthly or at a rate of 5.4% compounded daily?

▸ The rate of 5.4% compounded daily is better.

▸ They are the same.

▸ The rate of 5.5% compounded monthly is better.

Question 2.

Suppose Carla has $12,000 to invest. Which investment yields the greater return over 2 years: 9% compounded quarterly or 8.85%  compounded monthly?

▸ The rate of 8.85% compounded monthly is better.

▸ The rate of 9% compounded quarterly is better.

▸ They are the same.
Textbook 
Thinking Mathematically

Thinking Mathematically


Edition: 6th
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Matt. D.Matt. D.
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4 years ago
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lizsmith Author
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4 years ago
You make an excellent tutor!
spaghetti
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Yesterday
Helped a lot
vernonb
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2 hours ago
Correct Slight Smile TY
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