Parker wants to buy a car and has a choice between two different banks. One bank is offering a simple interest rate of 3 2% and the other bank is offering a rate of 3%
compounded annually. If Parker decides to deposit $7,000 for 25 years, which bank would be the better deal?
A.)a simple interest rate of 3.2%
B.)a compound interest rate of 3%

Answers

Answer 1

Answer:

The better deal would be simple interest rate of 3.2%

Step-by-step explanation:

In order to calculate which bank would be the better deal If Parker decides to deposit $7,000 for 25 years, we would have to make the following calculation:

A. simple interest rate of 3.2%.

Therefore, FV= P*r*t

=$7,000*3.2%*25

=$5,600.

B. compound interest rate of 3%

Therefore, FV=PV(1+r)∧n

FV=$7,000(1+0.03)∧25

FV=$14,656

The better deal would be simple interest rate of 3.2%


Related Questions

Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $43,000 and $61,600. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired.

Required:
a. What is the planning value for the population standard deviation (to the nearest whole number)?
b. How large a sample should be taken if the desired margin of error is as shown below (to the nearest whole number)?

1. $500?
2. $200?
3. $100?

Answers

Answer:

a. 4650

b.

1. 332

2. 2076

3. 8306

Step-by-step explanation:

a. The planning value for population standard deviation is,

s = (maximum - minimum) / 4

s = (61600 - 43000) / 4

s = 4650

that is, it would be 4650, the planning value for population standard deviation

b. we have to:

n = (z * s / E) ^ 2

z for confidence level 95% is 1.96, E = 500; 200; 100

replacing:

1.

n = (1.96 * 4650/500) ^ 2

n = 332.2 = 332

2.

n = (1.96 * 4650/200) ^ 2

n = 2076.6 = 2076

3.

n = (1.96 * 4650/100) ^ 2

n = 8306.4 = 8306

For a large sporting event the broadcasters sold 51 ad slots for a total revenue of ​$136 million. What was the mean price per ad​ slot?

Answers

Answer:

  $2.67 million

Step-by-step explanation:

Average price per slot is found by dividing total price by total slots:

  ($136 million)/(51 slots) ≈ $2.67 million/slot

The mean price per ad slot was $2.67 million.

Write 0000 using the am/pm clock.​

Answers

Answer:

12am

Step-by-step explanation:

Answer:

12:00 am or midnight

Step-by-step explanation:

00 00 hrs in 12-hours clock is 12:00 am or 12:00 o'clock midnight.

Please answer this correctly

Answers

Answer:

1/5

Step-by-step explanation:

The number 5 or greater than 4 is 5.

1 number out of 5 total parts.

= 1/5

P(5 or greater than 4) = 1/5

It is believed that 11% of all Americans are left-handed. In a random sample of 100 students from a particular college with 10123 students, 14 were left-handed. Find a 98% confidence interval for the percentage of all students at this particular college who are left-handed.

Answers

Answer:

Step-by-step explanation:

We can calculate this confidence interval using the population proportion calculation. To do this we must find p' and q'

Where p' = 14/100= 0.14 (no of left handed sample promotion)

q' = 1-p' = 1-0.14= 0.86

Since the requested confidence level is CL = 0.98, then α = 1 – CL = 1 – 0.98 = 0.02/2= 0.01, z (0.01) = 2.326

Using p' - z alpha √(p'q'/n) for the lower interval - 0.14-2.326√(0.14*0.86/100)

= -2.186√0.00325

= -2.186*0.057

= 12.46%

Using p' + z alpha √(p'q'/n)

0.14+2.326√(0.14*0.86/100)

= 0.466*0.057

= 26.5%

Thus we estimate with 98% confidence that between 12% and 27% of all Americans are left handed.

Please answer question now in two minutes

Answers

Answer:

V lies in the exterior of <STU.

Step-by-step explanation:

V lies in the exterior of <STU.

Jenna worked 13 hours more than Jose last month. If Jenna worked 9 hours for every 4 hours that Jose worked, how many hours did they each work?

Answers

did they work every day out the month or ?

A random sample of soil specimens was obtained, and the amount of organic matter (%) in the soil was determined for each specimen, resulting in the accompanying data (from "Engineering Properties of Soil," Soil Science, 1998: 93–102).1.10 5.09 0.97 1.59 4.60 0.32 0.55 1.450.14 4.47 1.20 3.50 5.02 4.67 5.22 2.693.98 3.17 3.03 2.21 0.69 4.47 3.31 1.170.76 1.17 1.57 2.62 1.66 2.05The values of the sample mean, sample standard deviation,and (estimated) standard error of the mean are2.481, 1.616, and .295, respectively. Does this data suggestthat the true average percentage of organic matterin such soil is something other than 3%? Carry out atest of the appropriate hypotheses at significance level.10. Would your conclusion be different if a 5 .05 hadbeen used? [Note: A normal probability plot of the datashows an acceptable pattern in light of the reasonablylarge sample size.]

Answers

Answer:

We conclude that the true average percentage of organic matter in such soil is something other than 3% at 10% significance level.

We conclude that the true average percentage of organic matter in such soil is 3% at 5% significance level.

Step-by-step explanation:

We are given a random sample of soil specimens was obtained, and the amount of organic matter (%) in the soil was determined for each specimen;

1.10, 5.09, 0.97, 1.59, 4.60, 0.32, 0.55, 1.45, 0.14, 4.47, 1.20, 3.50, 5.02, 4.67, 5.22, 2.69, 3.98, 3.17, 3.03, 2.21, 0.69, 4.47, 3.31, 1.17, 0.76, 1.17, 1.57, 2.62, 1.66, 2.05.

Let [tex]\mu[/tex] = true average percentage of organic matter

So, Null Hypothesis, [tex]H_0[/tex] : [tex]\mu[/tex] = 3%      {means that the true average percentage of organic matter in such soil is 3%}

Alternate Hypothesis, [tex]H_A[/tex] : [tex]\mu \neq[/tex] 3%      {means that the true average percentage of organic matter in such soil is something other than 3%}

The test statistics that will be used here is One-sample t-test statistics because we don't know about the population standard deviation;

                         T.S.  =  [tex]\frac{\bar X-\mu}{\frac{s}{\sqrt{n} } }[/tex]  ~ [tex]t_n_-_1[/tex]

where, [tex]\bar X[/tex] = sample mean percentage of organic matter = 2.481%

             s = sample standard deviation = 1.616%

            n = sample of soil specimens = 30

So, the test statistics =  [tex]\frac{2.481-3}{\frac{1.616}{\sqrt{30} } }[/tex]  ~ [tex]t_2_9[/tex]

                                     =  -1.76

The value of t-test statistics is -1.76.

(a) Now, at 10% level of significance the t table gives a critical value of -1.699 and 1.699 at 29 degrees of freedom for the two-tailed test.

Since the value of our test statistics doesn't lie within the range of critical values of t, so we have sufficient evidence to reject our null hypothesis as it will fall in the rejection region.

Therefore, we conclude that the true average percentage of organic matter in such soil is something other than 3% at 10% significance level.

(b) Now, at 5% level of significance the t table gives a critical value of -2.045 and 2.045 at 29 degrees of freedom for the two-tailed test.

Since the value of our test statistics lies within the range of critical values of t, so we have insufficient evidence to reject our null hypothesis as it will not fall in the rejection region.

Therefore, we conclude that the true average percentage of organic matter in such soil is 3% at 5% significance level.

Ujalakhan01! Please help me! ASAP ONLY UJALAKHAN01. What's (x-1)(x-1)?

Answers

Answer:

x^2-2x+1

Step-by-step explanation:

We can solve this by using FOIL

First, Outside, Inside, Last

Multiply the x with the x to get x^2

Then x times -1 for the outside numbers to get -x

Then -1 times x for the inside numbers to get -x

And finally -1 and -1 for the last numbers to get 1

Add the two -x to get -2x.

Put it all together

x^2-2x+1

Answer:

[tex]x^2-2x+1[/tex]

Step-by-step explanation:

=> (x-1)(x-1)

USING FOIL

=> [tex]x^2-x-x+1[/tex]

=> [tex]x^2-2x+1[/tex]

I travelled at 60km/h and took 2 hours for a certain journey. How long would it have taken me if I had travelled at 50km/h?​

Answers

Answer:

2 hours and 24 minutes

Step-by-step explanation:

2 hours at 60 km/h means you have travelled 2*60=120 km

120 km at 50 km/h takes 120/50 = 2.4 hours

2.4 hours is 2 hours and 0.4*60 = 24 minutes.

Please only answer if you are 100% sure about the answer.

Answers

Answer:

Choice C.

Step-by-step explanation:

Your choice is correct

2 stands for a starting point which is 2 feet from the home

As the ant moves, over time, the distance increases according to the function

- (3/4) times (- 3/8) times ___= -3/4

Answers

Answer:

x = -8/3

Step-by-step explanation:

Step 1: Write equation

-3/4(-3/8)(x) = -3/4

Step 2: Multiply

9/32(x) = -3/4

Step 3: Divide

x = -3/4/(9/32)

x = -3/4(32/9)

x = -8/3

Answer:

-8/3

Step-by-step explanation:

-(3/4) x (-3/8)= 9/32

9/32 times (-8/3) = -3/4

Answer: -8/3

3) BRAINLIEST & 10+ POINTS!!! If a 4 foot blade of a propeller completes 22 revolutions per second, find the angular speed of the blade in radians per second. ~Round your answer to the nearest hundredth. Angular speed = _______________ radians/second

Answers

Answer:

44π rads per seconds

Step-by-step explanation:

Already the speed of the 4 foot blade is given as 22 revolutions per sec.

What we have to do is just to convert the 22 revolutions per second to radians.

1 rev = 360°

360° = 2π

So the speed is actually equal to

22 *360 = 7920° per second

Or

22*2π = 44π rad per seconds

What ever way the answers are both same.

Find the Prime factors of 1729. Arrange the factors in ascending order. Find a relation between
consecutive prime factors​

Answers

Answer:

prime factors in ascending order of 1729 is 7 , 13 , 19

relation between  consecutive prime factors is 6

Step-by-step explanation:

given data

number = 1729

solution

we get here factors of 1729

1729 = 7 × 13 × 19

so that required prime factors in ascending order of 1729 is 7 , 13 , 19

and

now we get relation between these prime factors is the difference between consecutive prime factors is

13 - 7 =  6

19 - 13 = 6

so relation between  consecutive prime factors is 6

Step-by-step explanation:

Prime factors of the number 1729 are 7,13,19

i.e. 1729 =7×13×19

The factors in ascending order are 7,13,19.

Clearly we can see that each consecutive prime factors​ have difference of 6.

13-7=6

19-13=6

7 + x - 15 = -2.67 solve for x

Answers

Answer:

5.33

Step-by-step explanation:

Move your numbers so that they're separate from the variables. You should now have x = -2.67 + 8; x = 5.33

Answer:

x=5.33

Step-by-step explanation:

7+x-15=-2.67

7-15+x=-2.67

Add 7 and -15

-8+x=-2.67

Add 8 on both sides

which equal to 5.33

x=5.33

I NEED HELP PLEASE, THANKS! Use Cramer's Rule to find the solution of the system of linear equations, if a unique solution exists. –5x + 2y – 2z = 26 3x + 5y + z = –22 –3x – 5y – 2z = 21 A. (–1, –7, 2) B. (–6, –1, 1) C. (–1, 3, 1) D. no unique solution

Answers

Answer:

Option B

Step-by-step explanation:

We are given the following system of equations -

[tex]\begin{bmatrix}-5x+2y-2z=26\\ 3x+5y+z=-22\\ -3x-5y-2z=21\end{bmatrix}[/tex]

Now by Cramer's Rule, we would first write down the matrix of the coefficients , replacing each column with the answer column -

[tex]\begin{bmatrix}-5&2&-2\\ 3&5&1\\ -3&-5&-2\end{bmatrix}[/tex] ,

[tex]\begin{bmatrix}26\\ -22\\ 21\end{bmatrix}[/tex]

Replace each column of the coefficients shown at the top, with the answer column at the bottom respectively -

[tex]\begin{bmatrix}-5&2&26\\ 3&5&-22\\ -3&-5&21\end{bmatrix}[/tex]

Now solve through Cramer's Rule -

x = Dx / D = - 6,

y = Dy / D = - 1,

z = Dz / D = 1

Solution = ( - 6, - 1, 1 ) = Option B

-5 x + 2 y - 2 z = 263 x + 5 y + z = -22 - 3 x - 5 y - 2 z = 21

Answer is x=-6,\:z=1,\:y=-1

Help me with this problem, thank you<3

Answers

Answer:

1,050 workers

Step-by-step explanation:

25% = 0.25

0.25 × 1400 = 350

1400 - 350 = 1050

Hope this helps.

Three girls of a group of eight are to be chosen. In how many ways can this be done? ​

Answers

Answer:

Step-by-step explanation:

8P3=8*7*6=336

Suppose you toss a coin 100 times and get 65 heads and 35 tails. Based on these​ results, what is the probability that the next flip results in a tail​?

Answers

Answer:

[tex] P(Head) = \frac{65}{100}=0.65[/tex]

[tex] P(Tail) = \frac{35}{100}=0.35[/tex]

And for this case the probability that in the next flip we will get a tail would be:

[tex] P(Tail) = \frac{35}{100}=0.35[/tex]

Step-by-step explanation:

For this case we know that a coin is toss 100 times and we got 65 heads and 35 tails.

We can calculate the empirical probabilities for each outcome and we got:

[tex] P(Head) = \frac{65}{100}=0.65[/tex]

[tex] P(Tail) = \frac{35}{100}=0.35[/tex]

And for this case the probability that in the next flip we will get a tail would be:

[tex] P(Tail) = \frac{35}{100}=0.35[/tex]

Solve 3v2 – 84 = 0, where v is a real number.
Round your answer to the nearest hundredth.
If there is more than one solution, separate them with commas.
If there is no solution, click on "No solution".

Answers

Answer:

The given equation has two solutions

[tex]v = (-5.29, \: 5.29)[/tex]

Step-by-step explanation:

The given equation is

[tex]3v^2 - 84 = 0[/tex]

Let’s solve the equation

[tex]3v^2 - 84 = 0 \\\\3v^2 = 84 \\\\v^2 = \frac{84}{3} \\\\v^2 = 28 \\\\[/tex]

Take the square root on both sides

[tex]\sqrt{v^2} = \sqrt{28} \\\\v = \sqrt{28} \\\\v = \pm 5.29 \\\\[/tex]

So the equation has two solutions

[tex]v = (-5.29, \: 5.29)[/tex]

Also refer to the attached graph of the equation where you can verify that the equation has two solutions.

Note:

It is a very common mistake to consider only the positive value and not the negative value.

Consider the square root of 25

[tex]\sqrt{25} = \pm 5 \\\\Since \\\\5 \times 5 = 25 \\\\-5 \times -5 = 25 \\\\[/tex]

That is why we have two solutions for the given equation.

19.25 tons equal Lbs

Answers

Answer:

38500lbs

Step-by-step explanation:

2000 lbs is one tone

if we have 19.25 tons, we need to multiply 19.25x2000

The answer is 38500 lb

Answer:

38,500 pounds

Step-by-step explanation:

Every ton is 2,000 pounds.

We want to find out how many pounds are in 19.25 tons.

Set up a proportion.

pounds/tons=pounds/tons

2,000 pounds/ 1 ton= x pounds / 19.25 tons

2,000/1= x  /19.25

x is being divided by 19.25. The inverse of division is multiplication. Multiply both sides by 19.25.

19.25*2,000/1= x/19.25 *19.25

19.25*2000=x

38,500=x

There are 38,500 pounds in 19.25 tons.

By about how much will f (x comma y comma z )equalsln StartRoot x squared plus y squared plus z squared EndRoot change if the point Upper P (x comma y comma z )moves from Upper P 0 (6 comma 4 comma 12 )a distance of dsequals0.1 unit in the direction of 3 Bold i plus 6 Bold j minus 2 Bold k​?

Answers

Answer:

pls format

Step-by-step explanation:

Select the correct answer. Vector u has its initial point at (-7, 2) and its terminal point at (11, -5). Vector v has a direction opposite that of vector u, and its magnitude is three times the magnitude of u. What is the component form of vector v? A. v = B. v = C. v = D. v =

Answers

Answer:

Step-by-step explanation:

vector u=<(11-(-7),(-5-2)>=<18,-7>

as direction is opposite to u

so vector v=-3(18,-7)=(-54,21)

Which is NOT supported by this graph?
30
25
20
15
10
Profit
5
(dollars)
0
-10
-15
Cars Washed

Answers

Answer:

D -price of car wash keeps getting higher

Answer: The price of a car wash keeps getting higher

Step-by-step explanation:

PLSSSSSSS HELP WILL MARK BRAINLIEST Doug owns a lawn mowing and landscaping business. The income from the business is given by the function f(x) = 2x + 54, where f(x) is the income in dollars and x is the area in square meters of lawn mowed. If he has earned {204, 344, 450, 482} dollars in the last four months, what are the corresponding areas of lawn he mowed?

Answers

Answer:

i think this person answered but idrk perseusharrison79

Step-by-step explanation:

For 2 parallelograms, the corresponding side lengths are 1 inch and x inches, and 2 inches and 6 inches.

Not drawn to scale

StartFraction 1 over x EndFraction = StartFraction 2 over 6 EndFraction

StartFraction 1 over x EndFraction = StartFraction 6 over 2 EndFraction

StartFraction 1 over 6 EndFraction = StartFraction 2 over x EndFraction

One-half = StartFraction 6 over x EndFraction

Step-by-step explanation:

A glass vase has a circular rim with a diameter of 5in. How many inches of ribbon are needed to go once around the rim? Use 3.14

Answers

Answer:

31.4 inches

Step-by-step explanation:

The circumference of a circle has the formula 2πr.

2 × π × 5

= 10 × 3.14

= 31.4

31.4 inches of ribbon is needed to go once around the rim.

Answer:

15.7 inches of ribbon.

Step-by-step explanation:

This question is basically asking for the circumference of the glass vase's rim. We can calculate that by multiplying the diameter by π, which in this case, is 3.14.

The diameter is 5 inches, so all you need to do is 5 * 3.14 = 15.7 inches of ribbon.

Hope this helps!

I paid twice as much by not waiting for a sale and not ordering on line. Which ofthe following statements is also true?
(a) I paid 200% more than I could have online and on sale.
(b) I paid 100% of what I could have online and on sale.
(c) I paid 200% of what I could have online and on sale.
(d) I paid 3 times what I could have online and on sale.

Answers

Answer:

Option (c).

Step-by-step explanation:

It is given that, I paid twice as much by not waiting for a sale and not ordering online.

Let the cost of items ordering online be x.

So, now i am paying twice of x = 2x

Now, we have find 2x is what percent of x.

[tex]Percent =\dfrac{2x}{x}\times 100=200\%[/tex]

It means, I paid 200% of what I could have online and on sale.

Therefore, the correct option is (c).

Explain the importance of factoring.

Answers

Answer:

Factoring is a useful skill in real life. Common applications include: dividing something into equal pieces, exchanging money, comparing prices, understanding time, and making calculations during travel.

Sorry if this is a little wordy, I can get carried away with this sort of thing

anyway, hope this helped and answered your question :)

Which could be the side lengths of a triangle? (A) 2,2,4 (B) 3,4,7 (C) 4,5,8 (D) 5,5,10 (E) 7,3,10 PLEASE HELP

Answers

Answer:

(C) 4,5,8

Step-by-step explanation:

Since 4+5 = 9 and 9 is bigger than 8, that means that the side 8 can fit into the triangle without there being an open space.

Answer:

Option C { 4,5,8 }

Step-by-step explanation:

By the Triangle Inequality Theorem, the length of two sides together must be greater than the length of the remaining side. Respectively their difference must be less than the length of the another side.

* I like to memorize this concept by thinking about a door. The more you open the door, the greater the distance between the door and the wall - as they are proportional. That is how we concluded this theorem.

______

{ 2, 2, 4 } is our first option. The difference of 4 and 2 is equal to the remaining length, 2. { 3, 4, 7 } is not applicable as well, considering that the addition of 3 and 4 is equivalent to the length of the 3rd side, 7. However, the lengths { 4, 5,8 } have no such " errors. " It could be the side lengths of a possible triangle.

______

Solution = { 4,5,8 }

According to the New York Stock Exchange, the mean portfolio value for U.S. senior citizens who are shareholders is $183,000. Assume portfolio values are normally distributed. Suppose a simple random sample of 51 senior citizen shareholders in a certain region of the United States is found to have a mean portfolio value of $198,000, with a standard deviation of $65,000.
a. From these sample results, and using the 0.05 level of significance comment on whether the mean portfolio value for all senior citizen shareholders in this region might not be the same as the mean value reported for their counterparts across the nation, by using the critical value method. Establish the null and alternative hypotheses.
b. What is your conclusion about the null hypothesis?

Answers

Answer:

The test statistic value  t =  1.64 < 2.0086 at 0.05 level of significance

Null hypothesis is accepted

The mean portfolio value for all senior citizen shareholders in this region might not be the same as the mean value reported for their counterparts across the nation

Step-by-step explanation:

Step(i):-

Given mean of the population (μ) =  $183,000

Given mean of the sample (x⁻)  = $198,000

Given standard deviation of the sample (S) =  $65,000.

Mean of the sample size 'n' = 51

level of significance  α = 0.05

Step(ii):-

Null hypothesis : H₀ : There is no significance difference between the means

Alternative Hypothesis :H₁: There is  significance difference between the means

Test statistic

             [tex]t = \frac{x^{-}-mean }{\frac{S.D}{\sqrt{n} } }[/tex]

           [tex]t = \frac{198,000- 183,000 }{\frac{ 65,000}{\sqrt{51} } }[/tex]

          t =  1.64

Step(iii)

Degrees of freedom  ν = n-1 = 51-1 =50

t₀.₀₅ =  2.0086

The calculated value  t =  1.64 < 2.0086 at 0.05 level of significance

Null hypothesis is accepted

Final answer:-

There is no significance difference between the means

The mean portfolio value for all senior citizen shareholders in this region might not be the same as the mean value reported for their counterparts across the nation

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