EliteKnowledge EliteKnowledge

22-03-2017
Mathematics

contestada

John receives $1,000 as a graduation gift from his grandparents. Rather than spend it, he decides to invest it in a two-year bond that earns 3% simple interest. John doesn't need access to the money right away because he wants to save it for when he's ready to buy a home in about 10 years. Is the bond a wise investment for John? Why or why not?

Respuesta :

Аноним Аноним

22-03-2017

The bond doesn’t sound like it’s a wise investment for John because he’s using a two-year bond for something he’s not going to access for 10 years. John could find a way to invest his money into a 10-year bond with any form of interest.

Hope this helps.

Answer Link

Otras preguntas

does anyone speak ancient Egyptian

A government surplus is contractionary because:Select one:a. increases in taxation are contractionary.b. decreases in government purchases are contractionary.c.

Question # 73 Air flows through a 10 cm internal diameter tube at the rate of 75 kg/hr. Measurements indicate that at a particular point in the tube, the pressu

Secure detention would also exist if a minor is detained in a building, or portion of a building, in which all doors are?

From the following, identify the incorrect statement in the light of India’s pre-independence occupational structure: a. Agricultural sector accounted for the l

Explain how the blocked seat option will be to benefit of the delegates.

If the instantaneous velocity of a particle in motion after t seconds is v(t) = tcos(t), then what is the displacement over the interval from t = 0 to t = π/2?

"Which of the following is a characteristic of hooking up?a. It is a group activity where the agenda is to meet others.b. It does not involve any relationship

Assign a suitable structure to C₄H₈O₂ that can give iodoform test and white turbidity with Lucas reagent on heating.a) Ethyl acetateb) Methyl propionatec) Butyl

5. Kyle has $45,000 to spend on tiling his living room which is 5m by 9m, Kyle chooses to buy some 45 cm by 45 cm tiles. How many tiles does Kyle need to buy in