Ask Question
MathematicsMathematics
2 May, 10:53

Gabriel is comparing three investment accounts offering different rates.

Account A: APR of 2.85% compounding monthly

Account B: APR of 2.98% compounding quarterly

Account C: APR of 2.90% compounding daily

Which account will give Gabriel at least a 3% annual yield?

+3
Answers (2)
  1. 2 May, 10:55
    0
    APR = (1+i/n) ^n) - 1

    = (1+0.0298/4) ^4) - 1

    =0.03*100=3%
  2. 2 May, 10:58
    0
    The answer is opposed to a sequence. Good Luck!
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Gabriel is comparing three investment accounts offering different rates. Account A: APR of 2.85% compounding monthly Account B: APR of ...” 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
You are a driver of a dump truck with a trailer (dump bin) that is 21 feet long, 8 feet wide, and 6 feet tall Daily, you haul full loads of dirt from one location to another. The dump bin can hold dirt equivalent to 1.
Answers (1)
2+2=? a) 2 B) 0 C) 7
Answers (1)
the number one bees that visit a plant is 500 times the number of years the plant is alive where T represents the number of years the plant is alive what does the expression 500t represent
Answers (1)
Adam has been asked to post
Answers (1)
Ten times the sum of a number and 6 is 8.
Answers (1)
New Questions in Mathematics
if I'm in a plane flying at 512 miles per hour and a plane flies below me in the opposite direction, will it appear to fly slow or fast
Answers (1)
A bakery decided to expand since business was going so well. Originally, the width was five times the length. Now they are adding 5 feet to the length. If the length was originally 15 feet, what will be the area of the new bakery?
Answers (1)
In attempting to become financially organized, a person: A. generally has no difficulty in deciding what courses of action should be taken. B. only needs to evaluate items pertaining to the area of investments. C.
Answers (1)
How would you convert a measurement in ounces into pints?
Answers (2)
Suppose an amount increases by 100% percent, then decreases by 100% percent. Find the final amount. Would the situation change if the original increase was 150%?
Answers (1)
Home » Mathematics » Gabriel is comparing three investment accounts offering different rates. Account A: APR of 2.85% compounding monthly Account B: APR of 2.98% compounding quarterly Account C: APR of 2.
Sign Up Forgot Password?