she uses has an APRof6%and is compounded annually which of the following graphs

Question

she uses has an APRof6%and is compounded annually which of the following graphs best shows, the amount of money that her CD will have over time? (05) Cathy is saving her money for retirement in accounts called certificates of deposit or CDs. The CD The eraph below shows the amount of money in two CDs held at different banks Comparison of two CDrs Muen Months ?res Deposit (20) Estimate the number of months since the initial depovit at which the CDs would have the same value (a) The CDs will have the same value when the initial deposuit was made (b) The CDs will have the same value 18 months after the deposit was made c) The CDs ill have the same value 23 months atter the deposit was made (d) The CDs will have the same value 33 months after the deposit was made el The CDs will have the same value 48 months after the depost was made Sp2017 LiTeracy Student Workbook

Explanation / Answer

19. Option a is the answer since the first graph shows a linear model while rest of them are non linear and.

20. Option d is the answer since there is an intersection of both the lines at 33 months which shows they have the same value at 33 months.

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