Question
1: Comparing Financial Situations 1. You may have to decide to invest your money using simple interest, compound interest, or an annuity. Determine the final
1: Comparing Financial Situations 1. You may have to decide to invest your money using simple interest, compound interest, or an annuity. Determine the final amount after 20 years with a 5% annual interest rate if you invest $10 000 in: an account that earns simple interest. an account that earns compound interest (compounded annually). an annuity where you invest the $10 000 evenly over the course of 20 years annually. Which option you would choose and why? Make sure to include if each situation is reasonable and other factors that may affect your decision.
2. Determine the final amount after 20 years with a 5% annual interest rate if: you invest $10 000 in an account that earns compound interest (compounded quarterly) you invest in an annuity where you invest $500 every 4 months over the course of 20 years compounded quarterly Discuss which option you would choose and why. Make sure to include if each situation is reasonable and other factors that may affect your decision. Task 2: Comparing Powers Write the question of a simplifying power that has the answer 2x4y32x4y3 for each situation and simplify the question. Begins with two radicals Uses at least three powers, multiplying powers with like bases, dividing powers with like bases, negative exponents, and powers of a quotient
Task 3: Math Journal Choose one entry from your math journal that you found the most difficult to remember either when to use it or how to use it. Why did you find this difficult to remember when/how to use it? Explain fully. Was this new to you or had you learned this before? Explain fully. What did you do to help you remember when/how to use it? Explain fully.
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