yeroo860
01.02.2021 •
Mathematics
Joe and Michael are saving money for college. They both invested money in CDs at the same bank that pays an annual compound interest rate of 1.5%. Joe invested $500 every year for 15 years. Michael invested $700 every year for 5 years. Which statements about Joe and Michael's investments for college is most likely to be true?
A.Joe and Michael will have the same amount of money in their college savings accounts.
B.Joe will have more money in his account because he invested regularly over a longer period of time.
C. Michael will have more money in his account than
Joe because he invested more money each year.
D.It is impossible to determine whether Joe or Michael will have more money in their accounts.
Solved
Show answers
More tips
- C Computers and Internet Google Search Tips and Tricks: Everything You Need to Know...
- S Science and Technology Why is there no gravity on other planets?...
- F Food and Cooking Deflope: What is it and how does it work?...
- B Business and Finance How to Create a Business Plan? Your Ultimate Guide...
- F Food and Cooking Unusually Delicious Shashlik - Follow the Etiquette of Proper Preparation!...
- C Computers and Internet Make Easy Accessible Screenshots on iPad in Just a Few Minutes...
- T Travel and tourism Lost in the Catacombs: What to Do?...
- F Family and Home Protect Your Home or Apartment from Pesky Ants...
- H Health and Medicine How to Treat Styes: Causes, Symptoms, and Home Remedies...
- L Legal consultation What Documents Are Required for a Russian Passport?...
Answers on questions: Mathematics
- M Mathematics (x+1)/(x+2)=3/4Solve the equation...
- M Mathematics Convert the polynomial equation y=(x+2)(x-6)(x+7) from factored form to general form...
- B Biology Hematite 10 points According to the Earth Science reference table, which element is found most often among the 21 minerals listed? * Magnesium Iron Oxygen Titanium 10 points...
- M Mathematics A class collected data on the weight of each hardcover textbook in their backpacks. The mean weight of the books was 2.3 pounds with a standard deviation of 0.7 pound. If...
- H History Do you think it was worth it for the superpowers to win allies by sending foreign aid to them ?...
- M Mathematics Factor the given expression completely and show your work. 6x^2-5x-21. Check your answer and show that work as well. PLSS SOLV GIVING BRAINIL...
Ответ:
Idk
Dont know but i will help you get points by you answering my questions