Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300 as a principle amount, with an interest of 3% compounded quarterly. Brooklyn wants to deposit $300 as the principle amount, with an interest of 5% compounded monthly. What method shoud they use in order to earn more money after two year?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300 as a principle amount, with an interest ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In the chi-square test of association, as the difference between the observed and expected proportions increases ... a. the chi-square test statistic increases b. the chi-square critical value increases c.
Answers (1)
There are 6 frogs and 2 puddles. There is the same number of frogs in each puddle. How many frogs are in each puddle?
Answers (2)
A bag with 8 marbles is shown below. a marble is chosen from the bag at random. What are the odds in favor of choosing a grey marble?
Answers (1)
When an observation that is much larger than the rest of the data is added to a data set, the value of the mean will _.
Answers (1)
Two-thirds of a number is negativesix. find the number.
Answers (2)
New Questions in Mathematics
9 m 7 m (23 m) What is the area
Answers (1)
What are the factors of 34
Answers (1)
Find the area of the rectangle 9ft and 14ft
Answers (1)
Ms. Alvarez wants to determine the seventh graders' preferences for the location of the end-of-year field trip. Which of the samples is representative of the population?
Answers (1)
finding the percent of increase or decrease
Answers (1)