Sage decides to cash in all his savings to open a recording studio.He has three accounts to cash in.The first earned 9 percent for two years.The second earned 6 percent for three years.And the last earned 3 percent for six years.Supposing he started with $5,000 in each account,from which account will he get the most cash?
A) the two-year account at 9 percent
B) the three-year account at 6 percent
C) the six-year account at 3 percent
D) The accounts are all worth the same.
Correct Answer:
Verified
Q61: Your accountant tells you that if you
Q62: Your financial advisor tells you that if
Q63: Al,Ralph,and Stan are all intending to retire.Each
Q64: Your accountant tells you that if you
Q65: Your accountant tells you that if you
Q67: Two years ago Lenny put some money
Q68: Which of the following is the correct
Q69: When he was 18,Hussam put $100 into
Q70: Robert put $15,000 into an account with
Q71: You are given three options.You may have
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents