Ask your own question, for FREE!
Mathematics 21 Online
OpenStudy (anonymous):

PLEASE HELP, IN A HURRY, will do whatever you want.

OpenStudy (kidrah69):

Whats the rush?

OpenStudy (anonymous):

What do you need?

OpenStudy (misty1212):

a new car!

OpenStudy (kidrah69):

xD

OpenStudy (agl202):

Lol @misty1212

OpenStudy (anonymous):

actually @misty1212 kinda, my father told me he will take me to get my permit if i get 3 weeks of school work done this week, and so far i have 1 weeks worth done lol

OpenStudy (anonymous):

lol one second @Howard-Wolowitz

OpenStudy (anonymous):

i dont want flat out answers, i want help understanding the question please

OpenStudy (anonymous):

You and your collaborative partner 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. The decision is made to invest $5,000 into some Certificates of Deposit (CDs). 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 the rest of your shareholders. 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 1-year, 2-year, 3-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 1-year, 2-year, 3-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 the office. He says that if your company gives 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 1-year CD 2-year CD 3-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, the 3-year CD, and the 5-year CD between years 2 and 3. Calculate the average rate of change for the investor's plan and the 5-year CD between years 3 and 5. Explain what this shows in complete sentences. 7. One of the shareholders suggests another 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 your company 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.

OpenStudy (kidrah69):

Is this a test?

OpenStudy (anonymous):

im sure itll be alot easier if i know how to do the first part. and no @kidrah69 its not a test, its a pile on assignment, was given to me by one of my teachers as an assignment i could do, and it'll replace 2 bad grades. But how do i do this?

OpenStudy (kidrah69):

I have no idea ._. @TheSmartOne might know i hope...

OpenStudy (anonymous):

@kidrah69 no worry dude, i appreciate the effort though dude.

OpenStudy (anonymous):

@kidrah69 you get the medal

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!