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anonymous
 one year ago
Suppose that you were saving money over 5 years to use in a purchase later. You have $1000 to put in the savings. After surveying several banks for savings plans, you found these options. A stands for the amount you will have in the bank after x years.
anonymous
 one year ago
Suppose that you were saving money over 5 years to use in a purchase later. You have $1000 to put in the savings. After surveying several banks for savings plans, you found these options. A stands for the amount you will have in the bank after x years.

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misssunshinexxoxo
 one year ago
Best ResponseYou've already chosen the best response.1A = 1000 + 1000(0.05)5. A = 1000 + 250 A = 1250 So A is a lower value than D. B = (1000)(2.71828)^(0.05 * 5) B = 1000 * (2.781828^.25) B = 1284.03 So B is more than A or D. The sequence now is B, D, A. C = (1000)(1.05)^5. C = 1276.28 So the sequence of values is B, C, D, A.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0ok and then Does the highest amount make the most sense to you? Explain your point of view. @misssunshinexxoxo

misssunshinexxoxo
 one year ago
Best ResponseYou've already chosen the best response.1Of course; by plugging in the calculations we verified it is correct!

misssunshinexxoxo
 one year ago
Best ResponseYou've already chosen the best response.1My pleasure :)
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