The savings account offering which of these APRs and compounding periods offers the best APY?
4.0784% compounded monthly
4.0798% compounded semiannually
4.0730% compounded daily

Answers

Answer 1
[tex]\bf \qquad \qquad \textit{Annual Yield Formula} \\\\ ~~~~~~~~~~~~\textit{4.0784\% compounded monthly}\\\\ ~~~~~~~~~~~~\left(1+\frac{r}{n}\right)^{n}-1 \\\\ \begin{cases} r=rate\to 4.0784\%\to \frac{4.0784}{100}\to &0.040784\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{monthly, thus twelve} \end{array}\to &12 \end{cases} \\\\\\ \left(1+\frac{0.040784}{12}\right)^{12}-1\\\\ -------------------------------\\\\ ~~~~~~~~~~~~\textit{4.0798\% compounded semiannually}\\\\ [/tex]

[tex]\bf ~~~~~~~~~~~~\left(1+\frac{r}{n}\right)^{n}-1 \\\\ \begin{cases} r=rate\to 4.0798\%\to \frac{4.0798}{100}\to &0.040798\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{semi-annually, thus twice} \end{array}\to &2 \end{cases} \\\\\\ \left(1+\frac{0.040798}{2}\right)^{2}-1\\\\ -------------------------------\\\\ [/tex]

[tex]\bf ~~~~~~~~~~~~\textit{4.0730\% compounded daily}\\\\ ~~~~~~~~~~~~\left(1+\frac{r}{n}\right)^{n}-1 \\\\ \begin{cases} r=rate\to 4.0730\%\to \frac{4.0730}{100}\to &0.040730\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{daily, thus 365} \end{array}\to &365 \end{cases} \\\\\\ \left(1+\frac{0.040730}{365}\right)^{365}-1[/tex]
Answer 2

Answer:

Option C is correct.

Step-by-step explanation:

The formula is = [tex](1+\frac{r}{n})^{n}-1[/tex]

r = rate of interest

n = number of times its compounded

1. 4.0784% compounded monthly

here n = 12

[tex](1+\frac{0.040784}{12})^{12} -1[/tex] = 1.0403-1 = 0.0403

2. 4.0798% compounded semiannually

here n = 2

[tex](1+\frac{0.040798}{12})^{2} -1[/tex] = 1.0066-1 = 0.0066

3. 4.0730% compounded daily

here n = 365

[tex](1+\frac{0.040730}{12})^{365}[/tex] = 3.328-1 = 2.328


Related Questions

Opening up the monthly cell phone bill can be alarming due to the uncertainty of the bill. suppose the amount of minutes used per month is distributed normally with a mean of 700 minutes and a standard deviation of 120 minutes. what is the probability that more than 940 minutes were used?

Answers

Given the mean of 700 min. and the std. dev. of 120 min., we need to find the z-score for 940 minutes and then the area under the std. normal curve to the right of that z-score.
                                                        940 - 700
The applicable z score here is z = ----------------- = 2.  What is the area under
                                                              120
the curve and to the right of 2 std. deviations from the mean?

You could find the answer from a table of z-scores, or you could take advantage of the empirical rule.  The empirical rule states that 95% of the normally distributed data set lies within 2 std. dev. of the mean.

The area to the right of z=2 is 0.5 (half the area under the std. normal curve) less 0.95/2, that is, less 0.475.

Subtracting 0.475 from 0.500 yields 0.025 (answer).  2.5% of the time, the monthly phone bill will exceed 940, or 2 std. dev. above the mean.

Answer:

the required probability = 0.25

Step-by-step explanation:

Mean = 700 minutes , Standard Deviation = 120 minutes

To find : the probability that more than 940 minutes were used.

Solution : First find the z-score for 940 minutes and then find the area under the curve to the right of associated standard deviations from the mean.

[tex]z-score=\frac{\mu_2-\mu_1}{\sigma}\\\\\mu_1=700,\mu_2=940,\sigma=120\\\\\implies z-score=\frac{940-700}{120}\\\\\implies z-score=2[/tex]

Now, calculate the area under the curve to the right of 2 standard deviations from the mean.

Take confidence level to be 95%.

The area to the right of 2 standard deviations is 0.5 that is half the area under the standard normal curve.

[tex]\implies Area < \frac{0.95}{2}\\\\\implies Area<0.475[/tex]

Now, to find the probability that more than 940 minutes were used = 0.5 - 0.475 = 0.25

Hence, the required probability = 0.25

Simplify.



16.3 – (–4.2) + 15.9

Answers

16.3 - (-4.2) +15.9 =

16.3 + 4.2 + 15.9 =

36.4


Follow the order of operations, since there is only addition and subtraction start from left to right.

16.3 - (-4.2) = 20.5 + 15.9 = 36.4

Which of these story problem describes the sum 19 + (-12)? Check all that apply. Show your work to justify your answer.

Answers

-19 + (-12) = 7

Remove Parentheses  
( -a ) = -a 

= 19 - 12
Subtract The Numbers 
19-12 = 7

which number line represents the solutions to |-2x|=4?

Answers

the answer would be -2 because -2 times -2 equals 4 because two negative equals a positive and a negative and a positive equals a negative.REMEBER THAT
Solve for x by simplifying both sides of the equation, then isolating the variable.

x=-2,2

How many numbers in the data set are within 1 standard deviation of the mean?

a.13
b.14
c.15
d.16

Answers

The answer to this question would be: A.13

In this question, the mean is 20.2 and the standard deviation is 2.4. That means the range for of 1 standard deviation would be 20.2 +- 2.4= 17.8- 22.6
The number that included in that range would be 18-22. Then you just need to add them all

18  =2
19  =3
20 =4
21  =3
22 =1
The answer would be: 2+3+4+3+1 = 13

True or false? If you took a true "if-then" statement, inserted a not in each clause l, and reversed the clauses, the statement would also be true

Answers

The statement above is TRUE.
If a conditional statement is true, then the contrapositive statement will also be true. This also hold for the reverse, that is, if the conditional statement is false, then the contrapositive will also be false. For instance, consider these sentences:
1. If the DNA test is positive, then Mr. Frank is her father. [Conditional statement.]
2. If the DNA test is NOT positive, then Mr. Frank is NOT her father [Contrapositive statement].
These two statements means the same thing.

Which of the following numbers are divisible by 2? 74 , 296, 1110, 148, 370, 666, 9324, 111, 37, 555 , or 333?

Answers

All the even numbers r divisible by 2.
Which means the answer is 74, 296, 1110, 148, 370, 666, 9324.

A heavy truck and a light car are traveling at the same speed on the same roadway. if the coefficients of static friction between their tires and the road are the same, which vehicle will be able to stop in the shortest distance? assume both have the same braking force.

Answers

They both stop at the same distance I believe.

A pinewood derby car can be at most 2 3/4 inches wide. About how many pinwood derby cars can be displayed side-by-side on a shelf that is 31 1/2 inches long?

Answers

11 is the answer. To get the answer you have to divide 31 1/2 by 2 3/4.
Final answer:

About 5 11/22 pinewood derby cars can be displayed side-by-side on a shelf that is 31 1/2 inches long.

Explanation:

To find out how many pinewood derby cars can be displayed side-by-side on a shelf, we need to divide the length of the shelf by the width of each car. The shelf is 31 1/2 inches long, and each car can be at most 2 3/4 inches wide. So we divide 31 1/2 by 2 3/4:




Convert the mixed number 2 3/4 to an improper fraction: 2 3/4 = 11/4.
Divide 31 1/2 by 11/4: 31 1/2 ÷ 11/4 = 31 1/2 × 4/11 = 126/22 = 5 11/22.



Therefore, about 5 11/22 pinewood derby cars can be displayed side-by-side on the shelf.

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Which of these statements is true?
A) 4 x 5 – 7 + 9 = 28
B) 4 x 5 – (7 + 9) = 22
C) 4 x 5 – (7 + 9) = 4
D) 4 x 5 – 7 + 9 = 44

Answers

the correct answer is C

How do you graph a circle x^2 + y^2=25 and the line is given y=2

Answers

[tex]\bf \textit{equation of a circle}\\\\ (x-{{ h}})^2+(y-{{ k}})^2={{ r}}^2 \qquad \begin{array}{lllll} center\ (&{{ h}},&{{ k}})\qquad radius=&{{ r}} \end{array}\\\\ -------------------------------\\\\ x^2+y^2=25\implies (x-0)^2+(y-0)^2=5^2[/tex]

so notice above, the circle is centered at h,k or 0,0, the origin, and has a ratio of 5.

and y = 2, is just a horizontal line, check the picture below.

Please help! First rewrite 17/18 and 11/12 so that they have a common denominator then use <, =, or > to order 17/18 and 11/12

Answers

multipy 17×12 and then 11×18 that is over 18×12 so the answer is 204 > 198

G find the point on the plane x + 4y + 2z =14 closest to the point (1,1,1)

Answers

Answer:

(4/3, 7/3, 5/3)

Step-by-step explanation:

The line perpendicular to the plane through the point will be ...

... (x, y, z) = (1, 1, 1) +t(1, 4, 2)

Using this expression for (x, y, z), we can find the point on the line where it intersects the plane. That point is the one of interest.

... (1 +t) +4(1 +4t) +2(1 +2t) = 14 . . . . . substituting for (x, y, z) in the equation of the plane

... 7 +21t = 14 . . . . . collect terms

... 21t = 7 . . . . . . . . subtract 7

... t = 7/21 = 1/3  . . . divide by 21

The point of interest is ...

... (x, y, z) = (1, 1, 1) + (1/3)(1, 4, 2) = (1 1/3, 2 1/3, 1 2/3)

Mr. Obama would like his daughter to attend Harvard in 6 years when she finishes high school. Mr. Obama would like to invest enough money in a certificate of deposit (CD) now to pay for his daughter’s college expenses. If he estimates that he will need $250 thousand in 5 years, how much should he invest now in a CD that has a rate of 2.8% compounded monthly?

Answers

Mr. Obama should invest a minimum of 215,000 in the CD to realize his goal of 250,000. I assumed a simple compound interest to achieve the answer, however I am not that proficient in investing calculations. I would check with the institution where I am investing the CD for the best answer.

Shakira went bowling with her friends. She paid $3 to rent shoes and then $4.75 for each game of bowling. If she spent a total of $21, then how many games did Shakira bowl?

Answers

You simply need to subtract 3 dollars from twenty one, which would be 18.
Now you divide 18 by 4.75. Which is 3.78.
With this result, you just need to round it off, money wise. So she paid for 3 games. 
21-3 = 18 and 18/4.75 = about 3.8. She played 3 full games, but 3.8 total games.

what is 16 divided by 7? and give me a real answer.

Answers

16/7 is already in lowest terms. It cannot be further reduced.

You can write this fraction as a decimal by simply dividing the top by the bottom.

So, 16/7 = 2.2857142857

Nothing else can be done here.
16/7 cannot be divided any further. It can only be put in decimal or mixed fraction form. In mixed fraction:
16 divided by 7 is 2 remainder 2. That will be 2 2/7
The numerator is the remainder. The denominator remains the same. The whole number is the number from the division.
In decimal, it is 2.286
Hope I helped. Goodluck

A machine is made up of 3 components: an upper part, a middle part, and a lower part. the machine is then assembled. 5 percent of the upper parts are defective, 4 percent of the middle parts are defective, and 1 percent of the lower parts are defective. what is the probability that a machine is not defective

Answers

10 out of 100 are defective

Final answer:

The probability that a machine with three components (upper, middle, and lower parts) is not defective is found by multiplying the non-defective probabilities of each part. Calculating this gives a probability of 90.24% that the machine is non-defective.

Explanation:

The question asks what is the probability that a machine with three components (upper, middle, and lower parts) is not defective. To calculate this, we first note the probability of each part being non-defective:

Upper part non-defective probability = 95% (since 5% are defective, 100%-5% = 95%)

Middle part non-defective probability = 96% (since 4% are defective, 100%-4% = 96%)

Lower part non-defective probability = 99% (since 1% are defective, 100%-1% = 99%)

Since the machine is not defective only if all three parts are non-defective, we multiply these probabilities together:

Probability(machine is non-defective) = Probability(upper is non-defective) * Probability(middle is non-defective) * Probability(lower is non-defective)

Probability(machine is non-defective) = 0.95 * 0.96 * 0.99 = 0.9024 or 90.24%

Find the tax on a dinette set with a cash price of $200 that has been reduced by 20% if the tax rate is 6.5%.

2.60
10.40
11.70
13.00

Answers

$200 - 20% savings equals $160 total price
Tax is 6.5%

160X.065 = $10.40 for tax

Answer:

The correct option is B.

Step-by-step explanation:

The initial cash price is $200.

The cash price reduced by 20%.

20% of $200 is

[tex]200\times \frac{20}{100}=40[/tex]

The cash reduced by $40.

The new cash price is

[tex]\$200-\$40=\$160[/tex]

The tax rate is 6.5%.

6.5% of remaining cash is

[tex]160\times \frac{6.5}{100}=10.40[/tex]

Therefore option B is correct.

Find the radius of a circle with the given circumference.

15 ft.

r =

A.30 ft.
B.30 ft.
C.7.5 ft.
D.7.5 ft.

Answers

Answer: [tex]\dfrac{7.5}{\pi}\ ft[/tex]

Step-by-step explanation:

We know that , the circumference of a circle is given by :-

[tex]C=2\pi r[/tex] , where r is the radius of the circle.

Formula for radius :  

[tex]r=\dfrac{C}{2\pi}[/tex] , where C is the circumference of the circle.

Given : Circumference of circle = 15 ft.

Then , the radius of a circle will be :-

[tex]r=\dfrac{15}{2\pi}=\dfrac{7.5}{\pi}\ ft[/tex]

Hence, the radius of a circle= [tex]\dfrac{7.5}{\pi}\ ft[/tex]

Which is the most accurate way to estimate 23% of 70?

Answers

It would be what is 20% of 70. x = 20/100 x 70 = 14
20% of 70 is 14
Hi there! The most accurate way to estimate 23% of 70 is to write and solve a proportion. You would write it out as x/70 = 23/100, because we’re looking for the number that is 23% of 70. Cross multiply the values to get 1,610 = 100x. Divide each side by 100 to isolate the “x”. When you do, you get x = 16.1. There. 23% of 70 is 16.1.

Line s is the perpendicular bisector of JK. If line s intersects JK at point L, which of the following statements must be true? Check all that apply. A. Line s is perpendicular to JK B. JL = KL C. Line s is parallel to JK D. Point L is the midpoint of JK E. Line s intersects JK at a 180 angle

Answers

Sent a picture of the solution to the problem (s).
Final answer:

Line s, being the perpendicular bisector of JK, must be perpendicular to JK at point L, making JL equal to KL and meaning that point L is the midpoint of JK.

Explanation:

If line s is the perpendicular bisector of segment JK and intersects it at point L, we can determine several truths about the geometric relationship between these elements:

A. Line s is perpendicular to JK: Yes, this is true because by definition, a perpendicular bisector not only cuts a line segment into two equal parts but also does so at a 90° angle.B. JL = KL: This statement must also be true. Since line s is a bisector, it divides JK into two equal parts, hence JL (the length from J to L) is equal to KL (the length from K to L).D. Point L is the midpoint of JK: True again, as the point where the perpendicular bisector intersects the line segment is known as the midpoint, implying that point L is equidistant from both J and K.

Statements C and E are incorrect. Line s cannot be parallel to JK as it intersects it, and a 180° angle refers to a straight line, not the angle formed by a perpendicular intersection.

It takes a boat 2 hours to travel 22 miles downstream and 4 hours to travel 20 miles upstream. What is the speed of the boat in still water?

Answers

Let  b= speed of boat in still water
Let  c= speed of current
Upstream
Speed is ; b-c
d u=(b-c)* t u

Downstream
speed is ; b+c
d d=(b+c)*t d

given:
d u=18
t u=3
d d=24
t d=2


------------------
(1) 18=(b-c)*3
(2) 24=(b+c)*2
and
(1) 18=3b-3c
(2) 24=2b+c
Multiply both sides of (1) by 2
Multiply both sides of (2) by 3

(1) 
(2) 
Add (1) and (2)


And, from (1),
18=3*9-3c
3c=27-18
3c=9
c=3
The speed of the boat in still water is 9 mi/hr
The speed of the current is 3 mi/hr
check:
(1) 18=(9-3)*3
(2) 24=(9+3)*2
and
(1) 18=16*3
18=18
(2) 24=24

Please help..click on picture...I rrally need help

Answers

so the students are on 5:6 ratio from volleyball to football, and we know there are 220 students in total.

[tex]\bf \cfrac{volleyball}{football}\qquad 5:6\qquad \cfrac{5}{6}\implies \cfrac{5\cdot \frac{220}{5+6}}{6\cdot \frac{220}{5+6}}\implies \cfrac{5\cdot 20}{6\cdot 20}\implies \cfrac{100}{\stackrel{football}{120}}[/tex]

Please answer ASAP: Determine which of the following situations can be modeled by the ratio 7/2. Select all situations that apply
For every twenty-eight cats, there are 4 dogs
Sara runs an average of fourteen miles every four days.
An online clothing store charges $7.50 to ship ten clothing items
A recipe calls for 3 cups of flour for every 1 cup of sugar.
Bottled water is on sale this week for a rate of $1.50 for two bottles

Answers

the only one that applies is:

Sara runs 14 miles every 4 days = 7 miles every 2 days = 7/2


Liliana takes 4 breaths per 10 seconds during yoga. At this rate, about how many breaths would Liliana Take in 2 minutes of yoga?

Answers

There are 60 seconds in a minute so, 10 seconds is 1/6 of a minute. Therefore, 4 times 12 equals 48 breaths.

The formula for the circumference C of a circle, in terms of the radius, is C=2πr, where r stands for the radius. Rearrange the quantities in this formula to give a new formula for the radius of a circle in terms of the circumference.

A. r= 2C/3.14

B. r=3.14/2C

C. r=C/2(3.14)

D. r= 1/2(3.14)C

Answers

Final answer:

To get the radius of a circle in terms of circumference, divide the formula for the circumference by 2π, thus r=C/(2π). The correct option is C: r=C/2(3.14), considering 3.14 is the approximate value of π.

Explanation:

The formula for the circumference of a circle is given by C=2πr. We are asked to rearrange this formula to make the radius (r) the subject of the formula. To achieve this, we divide both sides of the equation by 2π.

So, dividing both sides of the equation by 2π gives r=C/(2π).

Looking at your options, Option C: r=C/2(3.14), is correct if we consider 3.14 to be the value of π. Therefore, the radius of a circle in terms of the circumference is given by r=C/(2π).

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One evening, 2/3 of the students in Rick's class watched television.

Answers

is there any information or even a problem to be solved?

Frank's Factories has a staff of sales people like Anthony, who receives a monthly salary of $2,750.00 plus an incremental commission based on the table below. If he sells $27,300.00, what is his total gross pay for the month?

Answers

The total gross pay for the month is $3,930.80 if Frank's Factories has a staff of salespeople like Anthony, who receives a monthly salary of $2,750.00.

What is the percentage?

It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.

It is given that:

Frank's Factories has a staff of salespeople like Anthony, who receives a monthly salary of $2,750.00 plus an incremental commission based on the table below. If he sells $27,300.00,

Fixed monthly salary = $2,750.00

First commission = 4.1% of 15,000 = $615.00

Second commission = 4.6% of (27300 - 15000) = $565.00

Total gross pay for the month = $2,750.00 + $615.00 + $565.80

= $3,930.80

Thus, the total gross pay for the month is $3,930.80 if Frank's Factories has a staff of salespeople like Anthony, who receives a monthly salary of $2,750.00.

The question is incomplete.

The complete question is in the picture, please refer to the attached picture.

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To calculate Anthony's total gross pay for the month, consider his base salary and incremental commission based on sales, resulting in a total gross pay of $4,934.00.

To calculate Anthony's total gross pay for the month, we need to consider his base salary and incremental commission based on sales.

Base salary: $2,750.00

Commission on $27,300.00 sales: Using the incremental commission table, the commission percentage for sales between $27,194-$31,479 is 8%. Thus, commission = $27,300.00 * 8% = $2,184.00

Total gross pay = Base salary + Commission = $2,750.00 + $2,184.00 = $4,934.00

which of the following numbers does not belong here? 64, 16, 36, 32, 8, 4

Answers

Hello! 36 does not belong in the pattern. The pattern is multiply by 2, but 36 doesn’t belong, because half of it is 18 and 18 is not an option. The other numbers go together to make that pattern of multiplying by 2. The answer is 36.

Please help me with all three! 25 Points!!
Use distributive property to rewrite each product below. Simplify your answer

a). 28x63
b). 17(59)
c). 458(15)

Answers

a. 28 * 63

28 (60) + 28 (3) or 20 (60) +20 (3) + 8 (60) + 8 (3)

1680 + 84=1764     1200 / 60 +480 +24=1764


b. 17(59)

17 (50) + 17 (9)   or  10 (50) + 10 (9) + 7 (50) +7 (3)

850 + 153=1003         500 + 90 + 63 =1003


c.458 (15)

458 (10) +458 (5)   or  10 (400) + 10 (50) + 10 (8) + 5 (400) +5 (50) + 5 (8)

4580 +2290 = 6870       400 + 500 + 80 + 2000 + 250 + 40 = 6870

My work is kinda confusing but hope it helped

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