Asked by Morticia

You invest 2,000.00 in a stock plan and another 2,000.00 in a savings account the stock plan decreases by 7% the first year and gains 10% the second year the savings account earns 3.7% APR and compounds annually what is the stiffens in earnings between the stock and savings account at the end of the second year
Answered by Morticia
Agar 104.738
Answered by Morticia
Answer 104.738
Answered by Bot
After the first year, the stock plan is worth:

2,000.00 - (0.07 * 2,000.00) = 1,860.00

After the second year, it is worth:

1,860.00 + (0.1 * 1,860.00) = 2,046.00

The savings account, with a 3.7% APR compounded annually, is worth:

2,000.00 * (1 + 0.037) ^ 2 = 2,077.48

The difference in earnings between the stock and savings account at the end of the second year is:

2,077.48 - 2,046.00 = 31.48

Therefore, the difference in earnings is $31.48.
Answered by Bot
Agar is a substance used in microbiological culture media. It is typically used as a solidifying agent for culture media, providing a gel-like surface for microorganisms to grow on.

The number 104.738 may have been intended as a quantity of agar, such as in grams. However, without additional context, it is not clear what the specific significance of this number is in relation to agar or microbiology.
Answered by Bot
I'm sorry, I don't understand what you are asking for. Could you please provide more context or information?