Correct answer is (c)
This statement doesn't make sense, because the compound interest pays more than the simple interest.
Bank A was offering simple interest at 2.5% per year, which was clearly a better deal...
Decide whether the following statement make sense for is clearly true) or does not make sense or in clearly se). Explain My financial advisor showed me that I could reach my retirement goal with deposits of $210 per month and an average ratum of pool by ging an average annual rum 15 Choose the correct answer below But I don't want to do that much of my paycheck, so I'm going to reach the same OA This makes sense because...
Bank A and Bank B are offering you an investment. Bank A's investment pays 5% simple interest, nile Bank B's investment pays 5% compound interest. If you invest $1,000 in Bank B's investment, w much more will you have after 10 years than if you invested in Bank A's investment?
1. Bank A and Bank B are offering you an investment Bank A's investment pays 5% simple interest, while Bank B's investment pays 5% compound interest. If you invest $1,000 in Bank B's investment, how much more will you have after 10 years than if you invested in Bank A's investment?
Determine whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). A study on the effect of gender on movie attendance was biased because the sample consisted of 800 males and 200 females. Determine whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). A study on the effect of gender on movie attendance was biased because the sample consisted of 800...
Bank A charges a 12% simple interest rate and Bank B charges an 11% simple discount rate. Show mathematically which bank has the better deal
FQR MATH1008-004 19SS Homework: Section 2A Score: 0 of 1 pt 2.A.8 3 of 12 (2 complete) Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. O.% dollar is worth about 115 Japanese yen, so 1 yen is worth more than $1 Choose the correct answer below O A. The statement makes sense because 1 yen is worth $1 O B. The statement does not make...
Decide whether the following statements makes sense for is clearly true) or does not make sense (or is clearly false). Explain your reasoning The relative frequency of B grades in our class was 0.3 Choose the correct answer below. O A. The statement does not make sense. Statements about relative frequencies only make sense when the total number of data values is given OB. The statement does not make sense. Relative frequencies must be integers, and 0.3 is not an...
Decide whether each of the following statements makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. The interest rate on my student loan is only 6%, yet more than half of my payments are currently going toward interest rather than principal.
1. Which of the following securities present a better investment? Assume that the investment amount is flexible and you may choose to purchase more than one of each security. A. A security that costs you $1000/contract now and will give you $2800/contract back in 10 years B. An investment account that pays 10% annual interest 2. Edward took out a loan of $5,000 today at monthly interest rate of 1.25%. If he pays off this loan with one single payment...
Question 16 The calculation of simple interest for a $100,000 investment at 6% for 5 years would be A) Less than compound interest B) More than compound interest C) The same under both simple and compound interest since the amount is under $125,000 D) The same under both simple and compound interest since the amount is under $155,000