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Please show the work.

Please show the work.
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Please show the work.

Please show the work.-example-1
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User Panos Theof
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8.4k points

1 Answer

3 votes
a.1000000@1% for 20 years =1000000x(1.01)^20=1000000x1.22019=$1220190
200000@10%, daily, for 20 years=200000 x (1+.1/360)^7200=200000x(1.000278)^7200=$ 1477400.84
b.200000 x (1.1)^20=$1345500
This still yields more than the first choice
☺☺☺☺
answered
User Davina Leong
by
8.4k points
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