Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 12, 2024

MatthewSmithone of our team leader... saving money to Complete his dream hobby- project; What is the future value, $2000 is invested at 12% compounded after

MatthewSmithone of our team leader... saving money to Complete his dream hobby- project;

What is the future value, $2000 is invested at 12% compounded after 10 years?

Method:

a) Every 6 month

b) Quarterly

c) Monthly

d) Continuously

e) Every other two years

f) Which Method; Do you recommend to:

I) Invest ___________?

II) Not invest ___________?

Explain. Why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Continuous Pseudometrics

Authors: W W Comfort ,S Negrepontis

1st Edition

0824762940, 978-0824762940

More Books

Students also viewed these Mathematics questions

Question

★★★★★

A steel rod is pulled in tension with a stress that is less than the yield strength. The modulus of elasticity may be calculated as (A) Axial stress divided by axial strain (B) Axial stress divided...

Answered: 1 week ago

Question

★★★★★

Couldcomputing QUESTION 3 Why do Users pay the cloud provider more in a Software as a Service (Saas) cloud? Users pay more taxes. Users pay for the application and hardware. Users pay for the...

Answered: 1 week ago

Question

★★★★★

=+9. Give two examples of political or legal forces and explain how they might interact with the invisible hand.

Answered: 1 week ago

Question

★★★★★

Steiner Corporation manufactures water skis through two processes: Molding and Packaging. In the Molding Department, fiberglass is heated and shaped into the form of a ski. In the Packaging...

Answered: 1 week ago

Question

★★★★★

MatthewSmithone of our team leader... saving money to Complete his dream hobby- project; What is the future value, $2000 is invested at 12% compounded after 10 years? Method: a) Every 6 month b)...

Answered: 1 week ago

Question

★★★★★

Please help. Find a polar equation for the curve represented by the Cartesian equation x^2-y^2=4 8. Find a polar equation for the curve represented by the Cartesian equation x2 - y' = 4. Or= cos(0)...

Answered: 1 week ago

Question

★★★★★

For R , , partition the data sets into 6 0 % 6 0 % training and 4 0 % 4 0 % validation and implement the 1 0 1 0 - fold cross - validation. Use the statement set.seed ( 1 ) ( 1 ) to specify the...

Answered: 1 week ago

Question

★★★★★

A new applicant, age 45, is applying for a loan. Using the table below, what is the estimated probability the loan will be approved? k = 4. Record Age Marital Loan Risk Default 1 34 Other $ 5,100.00...

Answered: 1 week ago

Question

★★★★★

A new applicant, age 4 5 , is applying for a loan. Using the table below, what is the estimated probability the loan will be approved? k = 4 . The probable default rate is 2 5 % , the loan will be...

Answered: 1 week ago

Question

★★★★★

A researcher is preparing data for a k -fold cross-validation. The number of groups the sample data is to be split into is 10. What would k equal in a 10-fold cross-validation? k = 1 k = 5 k = 10 k...

Answered: 1 week ago

Question

★★★★★

For a new observation of (0,0,0), what is the k-nearest neighbor when k=1. neighbor when k=1. Multiple Choice 0,1,1 3,1,2 0,2,1 1,2,0

Answered: 1 week ago

Previous Question Next Question