An employee wants to invest ​$50,000 in a pension plan. One investment offers 4​% compounded quarterly. Another offers 3.75​% compounded continuously.
​(a) Which investment will earn more interest in 4 ​yr?
​(b) How much more will the better plan​ earn?

Answers

Answer 1

Using compound interest and continuous compouding, it is found that:

a) The investment at 4% compounded quarterly will earn more interest in 4 years.

b) The better plan will earn $537 more.

What is compound interest?

The amount of money earned, in compound interest, after t years, is given by:

[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

In which:

A(t) is the amount of money after t years. P is the principal(the initial sum of money). r is the interest rate(as a decimal value). n is the number of times that interest is compounded per year.

In this problem, the parameters are: P = 50000, r = 0.04, n = 4, t = 4, hence the amount will be of:

[tex]A(t) = P\left(1 + \frac{r}{n}\right)^{nt}[/tex]

[tex]A(4) = 50000\left(1 + \frac{0.04}{4}\right)^{4 \times 4}[/tex]

A(4) = $58,629.

What is the continuous compounding formula?

It is given by:

[tex]A(t) = Pe^{rt}[/tex]

In this problem, this option has r = 0.0375, hence:

[tex]A(4) = 50000e^{0.0375 \times 4} = 58092[/tex]

Then:

Item a:

The investment at 4% compounded quarterly will earn more interest in 4 years.

Item b:

58629 - 58092 = $537.

The better plan will earn $537 more.

More can be learned about compound interest at https://brainly.com/question/25781328


Related Questions

Help I think it’s probably D

Pyramid ABCDE is a square pyramid.
What is the lateral area of pyramid ABCDE?

A ) 162 3 cm^2

B ) 324 3 cm^2

C ) 648 3 cm ^2

D ) 1296 3 cm ^2


Answers

Answer:

B

Step-by-step explanation:

i took the test and got a 100% so ys that the answer.

Answer:

B

Step-by-step explanation:

"lateral" means "belonging to the side".

so, the lateral area of a square pyramid (or any kind of pyramid or other 3-D structure, really) is the sum of the areas of its side faces.

so, in essence we have to calculate the area of one of the side triangles, and then multiply it by 4, as the other 3 are equal (due to the fact that the base is a square, and we are clearly dealing with a regular, symmetric pyramid).

each of the side triangles is an isoceles triangle (both legs are equal long, therefore both side angles are equal too).

that means both side angles are 60° each.

and because we know that the sum of all angles in a tingle is always 180°, the angle at the top is

180 - 60 - 60 = 60°

hey, all 3 angles are the same !

that means the triangle is not only isoceles but equilateral (all 3 sides are equally long).

and that means all sides are 18 cm long.

the area of a triangle can be calculated for our scenario in 2 major ways :

1. baseline × height / 2

2. Heron's formula (since we know all 3 sides) :

A = sqrt(s(s-a)(s-b)(s-c)), s = (a+b+c)/2

I don't know which one your teacher wants you to use.

so,

1.

the height we get via Pythagoras

leg² = (baseline/2)² + height²

18² = (18/2)² + height²

324 = 81 + height²

81×4 = 81 + height²

81×3 = height²

height = sqrt(81×3) = 9×sqrt(3)

the area of the triangle is

18 × 9 × sqrt(3) / 2 = 9 × 9 × sqrt(3) = 81×sqrt(3) cm²

2.

s = (18+18+18)/2 = 54/2 = 27

A = sqrt(27(27-18)(27-18)(27-18)) =

= sqrt(9×3×9×9×9) = 3×3×3×3×sqrt(3) = 81×sqrt(3) cm²

the total lateral area is then

4×81×sqrt(3) = 324×sqrt(3) = 561.1844617... cm²

oh, I see, i think you did not include the square root in the answer options. that is confusing.

but as you can see, option B must be correct.

CAN SOMEONE PLS ANSWER THIS QUESTION FAST
I WILL MARK BRAINLIEST

Answers

Answer:

B 5

Step-by-step explanation:

it is the same ratio as the red

Affordable Auto offered to enter people into a drawing for a free car if they shared the company's advertisement on social media. This table gives the total number of times the advertisement was shared since the promotion began. The data can be modeled by a quadratic function.

Length of promotion (days) 2 4 6 8 10 12
Number of shares 1200 3219 6240 10264 15290 21318


What function best models the data?
y=1.2x^2+20.6x+280

y=125.3x^2+183.3

y=1.2x^2+280

y=125.3x^2+257.8x+183.3

Answers

Answer:

D; y=125.3x2+257.8x+183.3

Step-by-step explanation:

I just took the test

have a good day! :)

What is the graph of 3x + 5y = -15?
5
5
4
4
3
3
3
2
2
2
1
1
1
1 2 3
b
1 2 3 4 5
4-3-2-11
1 2 3 4 5 x
54-3-2-1
2+
34
1-3-2-1
2
م ح لي د کا
2
-3
5
5
5
o
O
5
4
3

Answers

Answer:

Can you put the picture up so we can see the graph?

£ 686 is shared out between David, Steve and Mike. Mike gets twice as much as Steve who gets twice as much as David. How much does Mike get?

Answers

Answer:

£ 392

Explanation

the diagonal of a rectangular garden measures 111/4m while it's width measures 63/4m . Calculate the perimeter of the garden

Answers

Answer:

Step-by-step explanation:

The diagonal of a rectangular garden forms a hypotenuse with the width and length sides.  We can use the Pythogorean Theorem to calculate the remaining side.

Let W, L, and H stand for the Width, Length, and Hypotenuse, all in meters.

W^2 + L^2 = H^2

Enter the data:

(63/4)^2 + L^2 = (111/4)^2

248.06 + L^2 = 770.06

L^2 = 522

L = 22.847 meters

Perimeter is 2W + 2L

Perimeter = 2(63/4) + 2(22.847)

Perimeter = 77.19 meters

Find the distance between the two points

(−12, 8) and (−3, 8)

Answers

Answer:

9

Step-by-step explanation:

Plug into Distance formula --> √(-3 - (-12))^2 + (8 - 8)^2

---> 9

y=x^2+x+5 How many x-intercepts does the graph of this quadratic have?

Answers

Answer:

0

Step-by-step explanation:

Use discramint formula,

[tex] \sqrt{ {b}^{2} - 4ac} [/tex]

Here a and b is 1

c is 5 so we have

[tex] \sqrt{ {1}^{2} - 4(1)(5) } [/tex]

[tex] \sqrt{1 - 20} [/tex]

[tex] \sqrt{ - 19} [/tex]

Since the number is negative, we have zero x intercepts.

Help picture below problem 10

Answers

Answer:

E. APR

I hope this is what u want because I didn't quite get it is it like name the angle as like acute or obtuse or what

Pattern A follows the rule "add 5" and Pattern B follows the rule "subtract 2." Pattern A 5 10 15 20 25 Pattern B 20 18 16 14 12 Which ordered pairs are formed from combining a term in Pattern A with its corresponding term in Pattern B? Select all correct answers.

Answers

Answer:

(10,  20)

(25,  12)

(15,  20)

Step-by-step explanation:

Hopes this helps! :)

Answer:

the correct answers are,

(15, 16)

(25, 12)

(5, 20)

How many congruent faces does the shape below have?
A.
0
B.
1
C.
2
D.
3

Answers

Answer:

C. 2

Step-by-step explanation:

It has only 2 congruent faces- bases

Answer: the answer is c which is 2 , 2 faces

Step-by-step explanation: as the cylinder has 2 faces . The cylinder is a prism and any prism has 2 faces . HOPE IT HELPS YOU BUDDY . PLEASE GIVE BRAINLIEST .THANKS .

convert 30 g 519 mg to g

Answers

Answer:

30.519 g

Step-by-step explanation:

The relation

1 g = 1000 mg

Solving

30 g 519 mg30 g + 519 mg30 g + (519/1000) g30 g + 0.519 g30.519 g

Find the volume of the solid obtained by rotating the region bounded by the given curves about the line x=−7

y=x^2, x=y^2

Answers

Answer:

X=23>45_78
X=2^3< /7= 8
Y= 8x^
comclucion :
coronita pliss

Determine whether the statement is true or false.
When an event is almost certain to​ happen, its complement will be an unusual event.

Answers

false. "will be" is a sure statement, and nothing is ever 100%, also the probability that the almost certain event will happen is higher

Please help me with this

Answers

Answer:

8. 133°

9. 124°

Step-by-step explanation:

Because all triangles add up to 180°, the sum of all interior angle will add up to 180°.

8) 94 + 39 = 133

180 - 133 = 47

47° is the measure of the unknown interior angle, but we need the exterior and all straight lines are 180° angles, so we need to subtract.

180 - 47 = 133°

9)

81 + 43 = 124

180 - 124 = 56 (interior angle)

180 - 56 = 124° (exterior angle)

Which of these figures has a line of symmetry drawn correctly?

Shape A and Shape B

Shape B and Shape D

Shape A

Shape C​

Answers

the answer is shape A

What will the balance be after 10 years if $1500 is invested at 1.5% interest compounded continuously?

Answers

Is the interest compounded annually?

Answer:

A = $1,742.75

A = P + I

Where

P is the principal (1,500.00)

I is the interest (242.75)

Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 1.5/100

r = 0.015 rate per year,

Then solve the equation for A

[tex]A = Pe^{rt}\\A = 1,500.00(2.71828)^{(0.015)(10)}\\A = $1,742.75[/tex]

Summary:

The total amount with compound interest on a principal of $1,500.00 at a rate of 1.5% per year compounded continuously over 10 years is $1,742.75.

help i dont know how to do this and i forgot the study guide

Answers

Answer:

number 1 is a

Step-by-step explanation:

I don’t know the rest tho but good luck

Suppose a free medical test is given for a certain disease. The test is 90% reliable in the following sense: If a person has the disease there is a probability of 0,9 that the test will give a positive response; whereas, if a person does not have the disease, there is a probability of only 0,1 that the test will give a positive response. Data indicate that your chances of having the disease are only 1 in 10000. You decide to undergo the test and a few days later you learn that you had a positive response from the test. What is now the probability that you have the disease?​

Answers

P(Person has disease)=0.9P(Person doesn't have the disease)=0.1

Your chances of having the disease:-

1/100000.0001

So your current probability:-

0.0001(0.1)0.00001

Answer:

Step-by-step explanation:

[tex]\red{ \rule{0pt}{900000pt}}[/tex]

[tex]\red{ \rule{500pt}{900000pt}}[/tex]

The axis of symmetry for the function f(x) = −x2 − 10x + 16 is x = −5. What are the coordinates of the vertex of the graph?

(−5, 41)
(−5, 56)
(−5, 76)
(−5, 91)

Answers

Considering the definition of axis of symmetry and vertex of a quadratic function, the correct answer is the first option: the coordinates of the vertex of the graph is (-5,41).

Quadratic function

The general form of a quadratic function is f(x  = ax²+ bx+ c, whose graph is a parabola.

Axis of symmetry and vertex of a quadratic function

Quadratic functions have a maximum (if a<0) or a minimum (if a>0). This point is the vertex of the parabola.

That is, the vertex of a quadratic equation or parabola is the highest or lowest point on the graph corresponding to that function. The vertex is in the plane of symmetry of the parabola; anything that happens to the left of this point will be an exact reflection of what happens to the right.

In other words, the vertex divides the graph into two halves that are mirror images of each other, so that the axis of symmetry always passes through the vertex.

Vertex of f(x) = −x² − 10x + 16

In this case, you know that the axis of symmetry for the function is x = −5.

So the vertex on the x-axis has a value of -5. To calculate the value of the vertex on the y-axis, you must substitute the value of the vertex on the x-axis in the function:

f(-5) = −(-5)² − 10×(-5) + 16

Solving:

f(-5)= 41

In summary, the correct answer is the first option: the coordinates of the vertex of the graph is (-5,41).

Learn more about the vertex of a quadratic function:

brainly.com/question/26146143

brainly.com/question/8952707

brainly.com/question/20158951

brainly.com/question/24314434

Answer:

a

Step-by-step explanation:

a

Someone please help me with this

Answers

Answer:

A

Step-by-step explanation:

writting only because answer need 20 words

Yosef waters a date tree and a lemon tree. The lemon tree is 8 feet tall, The
equation I) 3 x 8 can be used to find the height of the date tree. How do the
heights of the two trees compare?
The lemon tree in 3 feet taller than the date tree.
The lemon tree is 3 times as tall as the date treo,
The date tree is 3 feet taller than the lemon tree.
The date tree is 3 times as tall as the lemon tree,
Done -
My Progress
Che 2023 by Commanches. Al rights reserved. These material, or any portion thereof, may not be reproduced or shared in any manner without express written consent of Cumiculum

Answers

The relationship between the heights of the tree is the date tree is 3 times as tall as the lemon tree.

What does division mean?

Division is the process of determining the quotient of two or more numbers. The sign used to denote division is ÷. Division is one of the basic mathematical operations.

What is the relationship between the trees?

Height of the date tree / height of the lemon tree

3 x 8 /8 = 3

To learn more about division, please check: https://brainly.com/question/13281206

Elizabeth had 3 orange marbles, 2 green marbles, and 3 yellow marbles in a bag. There were no other marbles in the bag. Without looking, Elizabeth selected a marble from the bag.
What is the probability Elizabeth selected an orange marble from the bag?


A 2/8


B 3/8


C 5/8


D 6/8

Answers

Answer:

3/8

(B)

Step-by-step explanation:

3+2+3=8.

There are 3 orange, so 3/8

Answer:

7/8

Step-by-step explanation:

3+3+2=8 but it said probability she selected AN orange marble

i need this with the steps

Answers

3x>16+8
3x>24
3/3x>24/3
x>8

Find the future value of an ordinary annuity of sh.25,000 at a compunding rate of 7% p.a. after 9 years?​

Answers

Answer:

  sh.299,449.72

Step-by-step explanation:

The future value of an ordinary annuity with annual payments P earning interest rate r compounded annually for t years is ...

  FV = P((1+r)^t -1)/r

For the given numbers, the future value is ...

  FV = sh.25000(1.07^9 -1)/0.07 ≈ sh.299,449.72

22. Four years ago, age of X was 3 times Y. Six years from now X will be twice Y. Ages of X and Y
now are:
A.
034 and 14
B.
034 and 13
C.
033 and 14
D.
035 and 14

Answers

Answer:

a 34 and 14

Step-by-step explanation:

let present age be x and y

equation 1

x-4=3(y-4)

x=3y-8

equation 2

x+6=2(y+6)

x=2y+6

then

2y+6=3y-6

y=14

x=34

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2021-2022 T-Math-Alg1-Comprehensive-CBT: Section 2 - Calculator ...
Question 2-14
Andy and Brett are selling tickets to their high school baseball game
• A total of 234 tickets were sold to the game
• Student tickets cost $5 each
. General tickets cost $ each
. The total revenue from ticket sales was $1268
Which statements are true? Choose all that are correct
The total revenue from the student tickets was $925.
A total of 185 student tickets were sold.
Olfg is the number of general tickets sold and s is the number
11
student tickets sold, the total revenue generated by the student and general tickets can be represented by the oquation 58 + 79 = 1,268
O Atotal of 98 general tickets were sold.
The revenue from the general tickets was greater than the revenue from the student tickets.
Ifg is the number of general tickets sold and s is the number of student tickets sold, thens + g = 234
POUS
Type here to search
O
BI

Answers

Answer:

the 1st, 2nd and 6th statements are true.

and probably the 3rd statement is true.

I am not sure about the 3rd statement, as I cannot read the original in your screenshot, and your transcribed description is probably not correct and contains typos.

but all you need is in the explanation below to decide, if the actual 3rd statement is true or not.

if "58 + 79 = 1268" actually means "5s + 7g = 1268" then it is true. otherwise it is false.

Step-by-step explanation:

g = number of general tickets sold

s = number of student tickets sold

so, in total

g + s = 234

tickets were sold.

and the revenue was

7g + 5s = $1,268

out of these 2 basic equating we get

g = 234 - s

and then

7(234 - s) + 5s = 1,268

1,638 - 7s + 5s = 1,268

-2s = -370

s = 185

g = 234 - s = 234 - 185 = 49

so, we know

185 student tickets were sold for 5×185 = $925

49 general tickets were sold for 7×49 = $343

If v = X + 4t, v is the velocity and X is the displacement, how to find X in terms of t?​

Answers

[tex]x = vt\\\\\implies x= (x+4t)t\\\\\implies x=xt+4t^2\\\\\implies x -xt= 4t^2\\\\\implies x (1-t) =4t^2\\\\\implies x = \dfrac{4t^2}{1-t}[/tex]

(12 points) Let X = (1,2,3,4,5).
(a) Find the number of sequences of length 7 over X.
(b) A palindrome of length kis a sequence aja2 ... 0 such that alk-1...0,01 = 0102 ...k-101ka Find the number of palindromes of length 7 over X.
(c) How many three digit odd positive integers with distinct digits can you write using only the numbers in X?​

Answers

The answer is C

If I am wrong, please come after me, I am not perfect

the day before yesterday is 2 days after Sunday what day is today​

Answers

Thursday

Explanation:

Two days after Sunday is Tuesday

Tuesday would be the day before yesterday (Wednesday)

So today is Thursday

Answer:

The Day before the day before yesterday was two days after the day before my birthday. Today is Thursday. The following steps can be used in order to determine the day on birthday: Step 1 - Remember today is Thursday according to the given data. Step 2 - Now, the Day before the day before yesterday is Monday. Step 3 - The two days before Monday is Saturday. Step 4 - And the day of the birthday is after Saturday that is Sunday

Step-by-step explanation:

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