alyssa94 alyssa94
  • 03-11-2016
  • Mathematics
contestada

How much more money is earned on a $2,500 investment at 2% annual compound interest for 5 years than a $2,500 investment at 2% simple annual interest for 5 years?

Respuesta :

Asahi
Asahi Asahi
  • 04-11-2016

simple: 2500(1+0.02)^5
$2760.20
Answer Link

Otras preguntas

Please help. I don't know any theorems that relate to this
Alguien sabe como conversar en brainly osea, poder conversar con otras personas o no se puede? perdon si pongo matematicas XD
Complete the equation for this model.
Nemo's fish store has 12 tanks of clownfish: each tank holds 30 fish. He collects and inspects 5 fish from each tank and finds that 3 fish have fin rot find the
why is it important for readers to understand the connections between point of view and perspective when reading a text?
PLSSS HELP IF YOU TURLY KNOW THISS
An example of a risky short term investment strategy is
In two to three complete sentences, explain why Bob Woodward thought that the eighteen-and-a-half-minute gap was a symbol of President Nixon's entire Watergate
7 is a prime number because it only has two factors which are _____ and ____ Sparx Maths
What is the slope of the line that passes through the points (-4,210) and (-7, -19)?