Sarah puts $5000 into a savings account that pays 2% compounded annually. Rolando puts $5000 into a savings account that pays 2% semiannually Complete the following tables that compare the amounts in their accounts. Summarize your findings regarding the same APR with different numbers of compoundings. Sarah: 2% APR is % Annually Rolando: 2% APR is Semiannually Value after... % Value after... 6 months 1year 1 year 1.5 years 2 years 2 years 2.5 years 3 years 3 years

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 30RE: The twins Sarah and Scott both opened retirement accounts on their 2lst birthday. Sarah deposits...
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2. Sarah puts $5000 into a savings account that pays 2% compounded annually. Rolando
puts $5000 into a savings account that pays 2% semiannually Complete the following
tables that compare the amounts in their accounts. Summarize your findings regarding the
same APR with different numbers of compoundings.
Sarah: 2% APR is
% Annually
Rolando: 2% APR is
Semiannually
Value after...
Value after...
6 months
1year
1 year
1.5 years
2 years
2 years
2.5 years
3 years
3 years
3. Assuming you make an investment for one year, you might think that increasing the
numher of compoundings per year on your investment would give you significantly
Hear
In check that hypothesis. Fill in the table below. Assume that you
Transcribed Image Text:Name + 100% 2. Sarah puts $5000 into a savings account that pays 2% compounded annually. Rolando puts $5000 into a savings account that pays 2% semiannually Complete the following tables that compare the amounts in their accounts. Summarize your findings regarding the same APR with different numbers of compoundings. Sarah: 2% APR is % Annually Rolando: 2% APR is Semiannually Value after... Value after... 6 months 1year 1 year 1.5 years 2 years 2 years 2.5 years 3 years 3 years 3. Assuming you make an investment for one year, you might think that increasing the numher of compoundings per year on your investment would give you significantly Hear In check that hypothesis. Fill in the table below. Assume that you
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