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| Teaching Since: | Apr 2017 |
| Last Sign in: | 103 Weeks Ago, 3 Days Ago |
| Questions Answered: | 4870 |
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MBA IT, Mater in Science and Technology
Devry
Jul-1996 - Jul-2000
Professor
Devry University
Mar-2010 - Oct-2016
| Bank account A begins with a deposit of 2400 dollars and earns 5.75% simple interest annually. Bank account B also begins with 2400 dollars and earns 5.75% interest compounded annually. Bank account C begins with 2400 dollars and earns 5.75% APR compounded monthly. |
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| 2. | Complete the table showing the amount in each account at the end of one year. (Round all answers to the nearest dollar.)
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| 3. | Complete the table showing the amount in each account at the end of five years. (Round all answers to the nearest dollar.)
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| 4. | Complete the table showing the amount in each account at the end of ten years. (Round all answers to the nearest dollar.)
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| 5. | Which of the three investments is best for the investor? | |||
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