Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. 5 mylyssa can deposit 2 400 into a money market ac

5 Mylyssa can deposit 2 400 into a money market account earning 6 4 simple...

60.1K

Verified Solution

Question

Basic Math

image

5 Mylyssa can deposit 2 400 into a money market account earning 6 4 simple interest annually or Mylyssa can deposit 2 400 into a savings account earning 5 25 compound interest annually Which of the following is NOT true A The initial deposit after five years will total 3 168 00 in the money market account or 3 099 71 in the savings account B The initial deposit after ten years will total 3 936 00 in the money market account or 4 003 43 in the savings account C The initial deposit after fifteen years will total 5 170 62 in the money market account or 4 704 00 in the savings account D The initial deposit after twenty years will total 5 472 00 in the money market account or 6 678 11 in the savings account

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

T By O cy B This is a vector with components 10 12 A

Basic Math
1.2K views

1. Suppose that X is a Geometric r.v. and its pmf is f(x; p) = p(1...

Physics
1.2K views

Conduction, Convection, or Radiation? Which type of heat transfer is demonstrated by the following example?...

Basic Math
1.2K views

9 Write the following in scientific notation 758 000 Answer x

Calculus
1.2K views

Let y = sin(4x). If Ax = 0.2 at x = 0, use linear approximation...

Algebra
1.2K views

Cambridge IGCSE and O Level Additional Mathematics 5 Find how many different four digit numbers...

Algebra
1.2K views

Which function has lowest rate of change?5x - 2y = 15 (or) Cost of 5...

Accounting
1.2K views

Chuck, a single taxpayer, earns $55,500 in taxable income and $19,000 in interest from an...

Accounting
1.2K views

20) Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The...

Accounting
1.2K views

The St. Lucia Blood Bank, a private charity partly supported by government grants, is located...

Accounting
1.2K views

Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year,...

Finance
1.2K views

a) Explain the differences between yield to maturity (YTM) and coupon rate of a bond....