Question

You and some friends have started your own company. After the first few months, the profits are rolling in. It is time to start thinking about putting your money to work for you. You decide that investing $5,000 into some Certificates of Deposit (CDs) would be a beneficial move.
With a CD, you lend your money to a third party, and after a set time, your money is paid back with interest. Before you start investing the company's money this way, you need to pitch it to your friends.

Answer 1

For this project, you can develop a written report, a slideshow, a video, or any other platform as long as it fully addresses the criteria listed below.
1. Research the highest interest rate (APY—annual percent yield) for 2-year and 5-year CDs. Document the company's name, interest rate, and minimum investment. The minimum investment must be less than or equal to $5,000.
2. Create the functions that represent the 2-year and 5-year CDs with your $5,000 investment. Use these functions to determine the amount you will be paid when the CD matures (the length of time for the specific CD). Show your work.
3. An investor comes to your office. He says that if you give him the $5,000, he will add on an additional $50 each year to what he owes you. Create the function for this investor's plan.
4. Create a table showing the value of the two CDs and the investor's plan for 5 years.
Year 1 Year 2 Year 3 Year 4 Year 5
2-year CD
5-year CD
Investor
5. Explain to your friends how to prove that the investor's plan is a linear function and the CDs are exponential functions. Use complete sentences.
6. Find the average rate of change for the investor's plan and the 5-year CD between years 2 and 3, and between years 3 and 5. Explain what this shows in complete sentences.
7. One of your friends suggests another 5-year option that gives interest based on the function k(x) = 5000(1.02)x. Explain what the 1.02 represents in terms of the CD and if it is a better plan than the 5-year CD you found. Use complete sentences.
8. Make a final recommendation on what plan you and your friends should follow. Consider that you cannot collect your money from a CD until it has fully matured. Your recommendation should be at least three sentences long.

Answer 2

thats the full thing

Answer 3

@Boblovesmath
@Love_4ever
@alexwright

Answer 4

@Love_4ever

Answer 5

i need some help

Answer 6

I don't know how to help with this. It is a very large project.

Answer 7

ok thanks anyways

Answer 8

@maddi0x can u help?

Answer 9

1 is already done, i have that ones answer

Answer 10

I don't know this, sorry :( Have you searched it on google?

Answer 11

yea, i need help with 2 @maddi0x any of ur friends online that may be able to help?

Answer 12

try posting a link in the mathematics chat

Answer 13

ok thanks

Answer 14

@Hero can you help me real quick as a collaborative type thing for 2 and 3?

Answer 15

hey love can you help with 2 and 3?

Answer 16

@Love_4ever can you help with 2 and 3?

Answer 17

@Hero can you help me out?

Answer 18

@NeedHelpQuick546 HELP MEH

Answer 19

can ya help with 2 and 3?

Answer 20

i'll try my best

Answer 21

ok thanks

Answer 22

brb

Answer 23

ok

Answer 24

I'm really bad at math. I dont know how to solve this i'm gonna ask for help

Answer 25

@acxbox22 @Hero @iambatman @zepdrix

Answer 26

@geerky42

Answer 27

ok, close enough i guess

Answer 28

i asked hero but he didnt reply

Answer 29

ok

Answer 30

@CrazyCountryGirl

Answer 31

one of those guys should come, but i've so much work to do right now

Answer 32

ok thanks anyways

Answer 33

hey maddi, can you help?

Answer 34

i need help with part 3

Answer 35

@alexwright can you help?

Answer 36

i need help with part 3+

Answer 37

im here :) I will try just give me one minute :)

Answer 38

ok thanks

Answer 39

okay well this should help I don't wanna take credit for their answer but heres the answer lol
http://openstudy.com/study#/updates/529ac8fce4b0e39d4e8273b1

Answer 40

ok, thanks

Answer 41

for how many of the questions?

Answer 42

you need help with 4,5,6,7,8?
that's just # 3 ill work on the rest right now lol :)

Answer 43

ok thanks

Answer 44

np :)

Answer 45

4, i think, is going to be trickier to find

Answer 46

I really have no clue or can find anything the only thing I found was for #5 in the link
http://openstudy.com/study#/updates/52c06b1ee4b0fef2cb9e849e

Answer 47

Sorry! :/

Answer 48

lol its ok

Answer 49

it was for 1 lol

Answer 50

oh sorry again lol wish I could help more

Answer 51

lol its ok

Answer 52

@Hero can u help?

Answer 53

@Hero

Answer 54

@Hero
@NeedHelpQuick546

Answer 55

@satellite73

Answer 56

@satellite73

Answer 57

@Hero
@satellite73
@anyone good god i need help

Answer 58

1 2 and 3 i already answered

Answer 59

the rest confuse me

Answer 60

can you help?

Answer 61

The best thing to do for a project like this is find a personal tutor.

Answer 62

k. thanks :/

Answer 63

The truth is, if I were in your situation, I wouldn't post the entire project all at once like that. I would post the instructions along with the first question (even if you already know the answer to it). There are two things to learn from here:

1. You want to find someone who might be able to help you with the questions. Chances are, if they can help you with the first question, they may be able to help you with the rest.

2. People are less inclined to help if you post the whole project all at once. So the best approach is to simply post one question at a time in the same discussion thread, but don't post the next question until you get help with the previous question

3. Avoid flooding this discussion thread with tagging. Instead simply send a link via text message to the user you wish to receive help from.

Answer 64

ok, thanks

Answer 65

can you help though?

Answer 66

i've been working on this all day, still haven't been able to do much, it just confuses me after 3

Answer 67

i could really use some help