Tavius would earn his best value if he invests in a three-year certificate of deposit with a nominal interest rate of 4 percent.
Tavius would invest in the option that yields the highest interest. This is the best value. In order to determine which option is the best, the interest rate of each option has to be determined.
<em><u>Interest rate of the first option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 2 = $150
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<em><u>Interest rate of the second option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 1 = $75
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<em><u>Interest rate of the third option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.04 x 3 = $300
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<em><u>Interest rate of the fourth option</u></em>
FV = P x (1 + r) n
$2500 x (1.03) = $75
A similar question was answered here: brainly.com/question/24748787?referrer=searchResults
Answer:
152.971
Step-by-step explanation:
i think thats the answer but sorry if its not.
Answer:
0.1
Step-by-step explanation:
When Juan cut a 1 lb loaf of banana bread into 6 slices, the weight of each slice forms a repeating decimal. A repeating decimal is a decimal number with repeating digit/s.
i.e = 0.166666666666666...
To express the total weight for each slice, he should write a bar over 6 to show that the number repeats.
i.e = 0.1
Note that has expressed that the division has 6 as the repeating digit in the decimal number.
Lets calculate how much she walks each weeks and then we multiply that by the number of weeks.
weekWalk = 5(2) + 3 = 10 + 3 = 13
therefore, she walks 13 miles per week, if she walked for 29 weeks then we have:
total walked =(29)(13) = 377
so she walked 377 miles total, so her original estimate is not reasonable