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Yoshi has $1000.00 to invest. Match the interest rates with the accumulation amounts and times below. (For any A(t) the time is in years: 1
Yoshi has $1000.00 to invest. Match the interest rates with the accumulation amounts and times below. (For any A(t) the time is in years: 1 year = exactly 12 months = exactly 52 weeks = exactly 365 days.)
1. A( 0.75 ) = $1,022.332.
i(12)= 6.00%3.
i(52)= 2.60%4.
i = 0.4% effective monthly rate5.
A( 1 ) = $1,051.27
- A( 0.5 ) = $1,030.38
- A( 0.25 ) = $1,012.05
- i(365)= 5.00%
- A( 0.71154 ) = $1,018.67
- Doesn't match any of the others.
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