Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. you are given the choice between a yearly payment

You are given the choice between a yearly payment of $3,652 that increases by $128...

60.1K

Verified Solution

Question

Basic Math

image

You are given the choice between a yearly payment of $3,652 that increases by $128 every year or a yearly payment of $3,652 that increases by 1.9% compounded annually. How much money would you make after 6 years if you chose the linear payment? Do not include the dollar sign in your answer. Round to the nearest cent.

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

Chemistry
1.2K views

You would like to make 100.00 mL of a 4.76 pH acetic acid/acetate buffer, in which...

Biology
1.2K views

X Tendon of quadriceps femoralis patella Articular Cartilage In b Knee joint sagittal section

Basic Math
1.2K views

Which of the following is a definition of the one to one function Select ALL...

Basic Math
1.2K views

High Cholesterol: A group of eight individuals with high cholesterol levels were given a new...

Calculus
1.2K views

Apr 27 4 24 46 PM Unique ID 1347 Find all angles 0 x 360...

Calculus
1.2K views

Use this picture for questions 4 6 Find the limit or put DNE if it...

Algebra
1.2K views

34 1 Question 46 2 points Using a Standard Normal Distribution what is the area...

Accounting
1.2K views

You would like to see if the standard...

Accounting
1.2K views

Bond Co. is using the target cost approach on a new product. Information gathered so...

Accounting
1.2K views

Investors would like to earn a 11% return on investment on the company's $156,000,000 of...

Accounting
1.2K views

Why is revenue management so important

Accounting
1.2K views

Sun Out Cis Corporion actus customers coming wsten we cont categorrect and direct acting worden...