keelinhawkins174 keelinhawkins174

25-09-2022
Mathematics

Answered

Use graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $608.99 at 3%
compounded quarterly be worth more than a principal of $5800 invested at 7% simple interest?
The annuity would be worth more than the principal in approximately years.
(Round to one decimal place as needed.)

Answer :

Other Questions

7. A principal of $6500 is invested in an account paying an annual rate of 5%. Find the amount in the account after 3 years if the account is compounded semiann

A sun's rays are vertical at the point A on a planet. At the point B, which is 265 miles due north of A, the angle of the sun measured to be 7.2 degrees . Se

Five years ago, Deepika was twice as old as Kanchan. Five years later, Deepika's age will be 5 more than Kanchan's age. Find their present ages.

Express as a simple fraction in lowest terms 10 80

Midori is buying raw almonds in bulk for a cake. She can buy 9 ounces for $12. Use the numbers in the box to complete the double number line that shows the unit

The table gives the temperature (in °F) in five cities at 6 a.m. on the same day. Use the table to answer the questions. City Temperature (°F) Chicago −6 Toront

The shadow of a building is 30m long when the angle of elevation of the sun is 56°. Calculate the: (a) height of the building (b) length of shadow when the sun

For a project in her Geometry class, Sofia uses a mirror on the ground to measure the height of her school’s football goalpost. She walks a distance of 8.75 met

Convert the US measurements as indicated. Round your results to two decimal places as needed. Ryan sprinted 157 feet. How many yards did he sprint? Lara's truck

Fill in the table using this function rule. y=-4x+3 X -2 0 2 4