Hypothetically, which would you rather have? Formulas for both options, how you entered the values into...

Hypothetically, which would you rather have? Formulas for both options, how you entered the values into Excel to create column functions if that is easier for you. • A graph to show the growth of both options (use either Excel or Desmos). • The total amounts after the time is up for both options and which you would rather have, option A or B. • A paragraph… what did you learn from this project?

Option A – For 30 days, I give you an amount of money to save. On day 1, I will give you $0.01. On day 2, I will double that and give you $0.02. You now have $0.03. On day 3, I will double the previous day and give you $0.04. You now have $0.07. This pattern will continue until 30 days have passed.

Option B – For 30 days, I will give you $10,000 to save. Each day I will increase the amount by 5%. So, on day 1 I give you $10,000 and at the end of the day I increase it by 5% to have a total of $10,000 + $500 = $10,500.

Expert Solution

So, I would prefer Option A

After Time is Up Total Amount of
Option A is 10737418.23
Option B is 664388.475

orchestra answered 1 year ago

Which of the following options would you choose to have if therate of discount is...

Which of the following options would you choose to have if the rate of discount is 11 percent?A) $500 in one yearB) $850 in two yearsC) $920 in six yearsD) $1800 in ten years

2. Which would you rather have (i.e., which is worth more five years in the future)...

2. Which would you rather have (i.e., which is worth more five years in the future) if the annual effective interest rate is 3.5%: a. $12 000 today, or b. Five (5) annual payments of $3,000 beginning at the end of year one. 3. You’ve purchased your first home. The property taxes on it are $3,500 per year. The mortgage stipulates that the owner must pay 1/12 of the annual taxes each month to the bank so that the taxes...

For a finite potential well, how would you calculate the energy values in which you would...

For a finite potential well, how would you calculate the energy values in which you would have bound states?

Which one would you rather have: a) The future value of $5,000 per year for 10...

Which one would you rather have: a) The future value of $5,000 per year for 10 years to be given to you in year 10 (that is 10 years from now) when the interest rate is 6%? b) The present value of $12,500 per year from year 11 to year 35 when the interest rate is 6%?

If you can’t answer both I would rather you answer number 2 then. Thank you :)...

If you can’t answer both I would rather you answer number 2 then. Thank you :) 1) What is parasite-mediated apparent competition and how does it differ from classical competition? 2) Species A is the indigenous population on an island nation. Species B was introduced to this island 200 years ago and shares the same habitat as species A. During the ensuing 200 years since species B was introduced, and in the face of a growing human population, the population of species...

If you an investor, would you rather have a firm issue a fixed or variable rate?...

If you an investor, would you rather have a firm issue a fixed or variable rate? Why?

1.) If you were convicted of a crime, would you rather have a bench trial or...

1.) If you were convicted of a crime, would you rather have a bench trial or or jury trial? Why? 2.) Describe the jury selection process. How are individuals chosen? 3.) If the jury decides on a "not guilty" verdict even if jury nullification occurs, can they appeal the verdict? Why or why not?

Would you rather travel abroad to a country in which the currency is appreciating or deprecating?...

Would you rather travel abroad to a country in which the currency is appreciating or deprecating? Why? If you have traveled aboard, were you concerned about the exchange rate? Why or why not? Briefly share your experience with foreign currency.(minimum 200 words)

Would you rather have had a DB or a DC in the summer of 2008? Explain.

How would you rather address the problems in the social security program. Will you fix the...

How would you rather address the problems in the social security program. Will you fix the current problem that we have now or create a new system like a pre-funded system where everyone did have their own account that will be airmaked for them. Discuss any problems you see with either one of them and which one would you rather support.

Question