Question 5
Ethan put $1,250 into a savings account. The account pays 4.5% simple interest on an annual basis. If he does not add or withdraw money
from the account, how much interest will he earn after 2 years? Round to the nearest cent.
Need help with this question?
Next Question
Check Answer
©2022 McGraw Hill. All Rights Reserved. Privacy Center Terms of Use Minimum Requirements Platform Status Center
hn
Done
Sign out

Answers

Answer 1

Answer:

To calculate the interest earned on a savings account, you first need to determine the interest rate per year and the time the money is invested. In this case, the interest rate is 4.5% and the time is 2 years.

The formula for simple interest is I=Prt, where I is the interest earned, P is the principal (the initial amount invested), r is the interest rate, and t is the time. Plugging in the values from the problem, we get I = 1250 * 0.045 * 2 = $112.50.

Therefore, Ethan will earn $112.50 in interest after 2 years if he does not add or withdraw any money from the account. Rounded to the nearest cent, this is $112.00.

Step-by-step explanation:


Related Questions

what is -3 2/3+3 1/6 in simplest form

Answers

Answer: -1/2

Step-by-step explanation:

-3 2/3+3 1/6=

-(3*3+2)/3 + (6*3+1)/6=

-11/3+19/6=

-22/6+19/6=

(-22+19)/6=

-3/6=-1/2

What are the changes in the resistances (in ohms) corresponding to a tensile strain of 0.064 and a compressive strain of -0.0086 assuming a gage factor gf = 2.10?

Answers

  ΔRc = - 1.806  are the changes in the resistances (in ohms) corresponding to a tensile strain of 0.064.

What are examples of resistance?

Resistance is characterized as a resistance to yield to something that hinders or slows something down. A youngster battling her kidnapper is an illustration of resistance. Wind against a plane's wings is an illustration of resistance.

GF  = ΔR/R /E

a)  Tensile strain E = 0.064

  so    ΔR   =  R . E  . G.F

                  = 100 × 0.064 × 2.10

       ΔRt = 13.44

b)  Compressive strain E = - 0. 0086

     ΔR =  R . E . G.F.

          = 100 ×  - 0.0086 × 2.10

     ΔRc = - 1.806

Learn more about resistances

brainly.com/question/11431009

#SPJ4

Me miles burrow lies 5 meters below ground. He started digging his way deeper into the ground. Descending 3 meters each minute. Graph the relationship between Mr. Moles elevation relative to the ground (in meters) and in time (in minutes)

Answers

Answer:

y= -3x-5

Step-by-step explanation:

Since your 5 m below, it is -5

The rate of change is 3 but since your going down, it is -3.

Hope this helps and sorry I can't graph this but you can use the equation to help

Which table can be generated from the equation y = 2x + 17

Answers

Step-by-step explanation:

x | y

-2.| 13

-1. | 15

0. | 17

1. | 19

2. | 21

just start with the y-intercept and then add 2 or subtract two depending on whether your increasing x or decreasing x. as x increases 1 y increases 2.

50 POINTS PLEASE HELP!! Please only answer if you know the answer 100%!!! <3
How many terms are in the following polynomial? Classify it. (Hint: what do we call a polynomial with that many terms?
15x-7x2+8

Answers

Answer: Three terms

Step-by-step explanation:

This is a trinomial, since there are three numbers. Since it is a trinomial, there are three terms.

Answer:

The correct answer is 4.

If this helped, dont hesitate to follow and give a Brainliest. <33

What is the median of this data set?

What is the median of this data set?

Answers

The median of the given data set as required to be determined in the task content is; 4.

What value represents the median of the data set?

It follows from the task content that the value which represents the median of the data set is to be determined.

By observation, the number of data values in the data set is; 15. On this note, the median value would be the eighth term in an orderly arrange of the values.

Consequently, the median of the data set as required is; 4.

Read more on median of dot plot;

https://brainly.com/question/16800683

#SPJ1

Find the mean, median, mode, and range of the following data with and without outliers.
110, 64, 23, 95, 86, 17, 23, 100, 95, 67

HELP. td is the last day to finish hmw and I'm behind :,)

Answers

Answer:

mean: 68

median: 76.5

mode: 23, 95

range: 93

Step-by-step explanation:

Put numbers in order:

17, 23, 23, 64, 67, 86, 95, 95, 100, 110

mean: sum of the terms / number of terms

sum of the terms: 17 + 23 + 23 + 64 + 67 + 86 + 95 + 95 + 100 + 110 = 680

number of terms: 10

680 / 10 = 68

median: number of terms / 2

10 / 2 = 5, 5th number on the list

17, 23, 23, 64, 67, 86, 95, 95, 100, 110

between 67 and 86 since its an even number data set

67 + 86 / 2 = 76.5

mode: the most occurring number

17, 23, 23, 64, 67, 86, 95, 95, 100, 110

- 17, 64, 67, 86, 100, 110 has 1 each

- 23 has 2

- 95 has 2

23 and 95 have the same reoccurring amount

range: max - min numbers

17, 23, 23, 64, 67, 86, 95, 95, 100, 110

110 - 17 = 93

NO outliers

Hope this helps you a little more for your last day of finishing hmw :)

Let me know if you need anymore help !

OR have questions

whats the answer i dont know it

whats the answer i dont know it

Answers

Answer:

I believe its 10

Step-by-step explanation:

Solve for 8x + 17 = 41 for x. Show your work.

Answers

The value οf x is 3

What is variable?

A variety οf issues are resοlved by algebraic calculatiοns that treat variables like explicit integers in a single cοmputatiοn. The quadratic fοrmula, fοr instance, can be used tο sοlve any quadratic equatiοn by exchanging the variables in the quadratic fοrmula fοr the numerical values οf the cοefficients in the equatiοn.

A variable in mathematical lοgic is either a symbοl fοr an undefined term οf the theοry (a meta-variable), οr it is a fundamental οbject οf the theοry that is changed withοut cοnsidering any pοtential intuitive meaning.

Given

8x+17 = 41

Sοlving fοr variable 'x'

Add '-17' tο each side.

17 + -17 + 8x = 41 + -17

Or, 8x=24

Divide each side by '8'

Or, x=3

To learn more about variable from the given link

https://brainly.com/question/28248724

#SPJ1

Analyze the polynomial function f(x)=x^2(x+2) using parts a through e
A Determine the end behavior of the graph of the function. The graph of f behaves like y=____ for large values of |x|.
b. Find the x- and y- intercepts of the graph of the function. use commas to separate answers
C. Determine the zeros of the function and their multiplicity. Use the information to determine whether the graph crosses or touches the x-axis at each x-intercept.
Complete the sentence: The lesser zero of the function is of multiplicity ____, so the graph of f (crosses/touches) the x-axis at x=____. The greater zero of the function of multiplicity _____, so the graph of f (crosses/touches) the x-axis at x=_____.
Determine the maximum number of turning points on the graph of the function =(whole number)
e. Graph the function

Answers

The polynomial function f(x)=x²(x+2) in terms of end behavior approaches positive infinity as x approaches positive and negative infinity, the x-intercepts are at x = 0 and x = -2, the y-intercept is at the origin, the zeros are x = 0 (with multiplicity 2) and x = -2, there can be a maximum of 2 turning points.

What are the characteristics of the polynomial function f(x)=x²(x+2) in terms of end behavior, intercepts, zeros, turning points, and graphing?

a) The end behavior of the graph of the function is y approaches positive infinity as x approaches positive infinity and y approaches positive infinity as x approaches negative infinity.

b) The x-intercepts of the graph occur when f(x) = 0, which are x = 0 and x = -2. The y-intercept occurs when x = 0, which is y = 0.

c) The zeros of the function are x = 0 (with multiplicity 2) and x = -2. The lesser zero of multiplicity 2 means the graph touches the x-axis at x = 0. The greater zero of multiplicity 1 means the graph crosses the x-axis at x = -2.

d) The maximum number of turning points on the graph of the function is 2 (a whole number).

e) Graphing the function would require plotting points and connecting them to form the graph, taking into account the x-intercepts, y-intercept, end behavior, and turning points.

Learn more about polynomial function

brainly.com/question/11298461

#SPJ11

Math algerbra I believe I have to simplify the equation but I have no idea we’re to start

Math algerbra I believe I have to simplify the equation but I have no idea were to start

Answers

Given the equation:

\(2=(1.07)^x\)

To solve this equation for x, we need to take the binary logarithm on both sides of the equation:

\(\log _22=\log \lbrack(1.07)^x\rbrack\)

There are two important properties of logarithms (binary or any other kind):

\(undefined\)

Keisha runs 3 miles in 25 minutes. At the same rate, how many miles would she run in 20 minutes?

Answers

Answer:

2.4 miles

Step-by-step explanation:

Since Keishas rate is 3/25 miles per minute, we multiply the Rate with the Time (Rate * Time = Distance). So 20 * 0.12 = 2.4 miles

PLEASE HELP!!!!!
4. A cube has a volume of 64 m². What is the cube's surface area?
12 points!!! <333

Answers

Answer:

Surface area = 96 m^2

Step-by-step explanation:

Let's cube root the volume to find the length of one side of the cube.

\(64^\frac{1}{3} = 4\)

Therefore each side is 4 m.

Surface area of one side = 4x4 = 16

A cube has 6 sides.

Total surface area of the cube = 16*6 = 96 m^2

What is the area, in square centimeters, of the shaded part of the rectangle below?

What is the area, in square centimeters, of the shaded part of the rectangle below?

Answers

Answer:

Step-by-step explanation:

17*8= the entire rectangle which is 136

Area of triangle=(base*height)divided by 2

The base of the white triangle is 4 because 8-4=4 and the height is 17

17*4=68

68/2=34

34= the area of the triangle

Area of the rectangle-area of the triangle=102

102 is your answer.

hopefully i did this right:)

there are unknown number of oranges in a bag. seven oranges in the bag are stale. now you need to pick two oranges out of the bag. the probability to pick two stale oranges is 2/21. what is the total number of the orange in the bag?

Answers

The total number of oranges present in the bag was 21.

Explain the term probability?A probability is a numerical representation of the likelihood or chance that a specific event will take place. Both proportions ranging from 0 to 1 and percentages extending from 0% through 100% can be used to describe probabilities.

For the stated question.

Let the total number of oranges in the bag be 'x'.

Total stale oranges = 7.

Thus,

Probability (first orange is stale) = Total stale oranges/ Total oranges.

Probability (first orange is stale) = 7/x

Probability (second orange is stale) = 6/(x - 1).

But, probability to pick two stale oranges is 2/21

7/x . 6/(x - 1) = 2/21

On solving,

x ² - x - 441 = 0

x = 21

Thus, the total number of oranges present in the bag was 21.

To know more about the probability, here

https://brainly.com/question/13604758

#SPJ4


The sum of two numbers is 892. One of the numbers is 363. What is the other number?

Answers

Answer:

I wish I've known, but try using Symbo-Lab or Math-Way. They help a lot.

Step-by-step explanation:

Answer:

229

Step-by-step explanation:

363 -892=229

229+363=892

A ________ is the value of a statistic that estimates the value of a parameter a critical value b standard error c. level of confidence d point estimate Question 2 Mu is used to estimate X True False Question 3 Beta is used to estimate p True False

Answers

A point estimate is the value of a statistic that estimates the value of a parameter. Question 2 is false and question 3 is true.

Question 1: A point estimate is the value of a statistic that estimates the value of a parameter.A point estimate is a single number that is used to estimate the value of an unknown parameter of a population, such as a population mean or proportion

Question 2: False

Mu (μ) is not used to estimate X. Mu represents the population mean, while X represents the sample mean. The sample mean, X, is used as an estimate of the population mean, μ.

Question 3: True

Beta (β) is indeed used to estimate the population proportion (p) when conducting hypothesis testing on a sample. Beta represents the probability of making a Type II error, which occurs when we fail to reject a null hypothesis that is actually false. By calculating the probability of a Type II error, we indirectly estimate the population proportion, p, under certain conditions and assumptions.

Learn more about point estimate at:

brainly.com/question/30310597

#SPJ11

Please help!!!!!!!!!

Please help!!!!!!!!!

Answers

Answer: B

Step-by-step explanation:

The line is curved which makes it a non-linear function.

the answer you are looking for is B

five times a number is at most 15 what are the possible values for the number

Answers

Answer:

x <= 3 represents all values such as: -∞, -100, -4, -3, -2, -1, 0, 1, 2, 3.

Step-by-step explanation:

5x <= 15

Next, we'll solve for x by dividing both sides by 5:

x <= 3

So, the possible values for the number are any value less than or equal to 3, including negative numbers.

x <= 3 represents all values such as: -∞, -100, -4, -3, -2, -1, 0, 1, 2, 3.

Possible names for this figure please help this is geometry

Possible names for this figure please help this is geometry

Answers

Answer:

a

Step-by-step explanation:

the sides a parallel but non of it is a rectangle and it has the distinct shape of a kite.

Michael’s child is going to college in 13 years. If he saves $ 7,000 a year at 9%
compounded annually. How much will be available for Peter’s child education?

Answers

Michael’s child is going to college in 13 years. If he saves $ 7,000 a year at 9% compounded annually. Therefore,  the amount available for Peter's child education will be $147,330.55.

Given that Michael is saving $7,000 per year for his child's education which will occur in 13 years. If the interest rate is 9% compounded annually,

The problem of finding the amount of money Michael will have saved in 13 years is a compound interest problem.

In this case, the formula for calculating the future value of the annuity is: $FV = A[(1 + r)n - 1] / r

where: FV is the future value of the annuity, A is the annual payment,r is the annual interest rate, and n is the number of payments.

Using the above formula; the future value of Michael's savings is:

FV = 7000[(1 + 0.09)^13 - 1] / 0.09= 7000(1.09^13 - 1) / 0.09= 147,330.55

Therefore, the amount available for Peter's child education will be $147,330.55.

Learn more about interest rate here:

https://brainly.com/question/27743950

#SPJ11

Jim builds a robot that travels no more than 10 feet per minute. Graph the inequality showing the relationship between the distance traveled and the time elapsed.
Is it possible for the robot to travel 27 feet in 3 minutes?

Answers

Answer:

no robot can travel 27 feet in 3 minutes

Step-by-step explanation:

True or false WXY is a right triangle.

True or false WXY is a right triangle.

Answers

Answer: True

Step-by-step explanation:

This triangle has 2 legs

leg a and leg b

and the longest side which is called the hypotenuse

Therefore this triangle fits the criteria of a right triangle

The triangle ΔWXY is a right angle triangle with sides √18 , √18 , √36

What is a Triangle?

A triangle is a plane figure or polygon with three sides and three angles.

A Triangle has three vertices and the sum of the interior angles add up to 180°

Let the Triangle be ΔABC , such that

∠A + ∠B + ∠C = 180°

The area of the triangle = ( 1/2 ) x Length x Base

For a right angle triangle

From the Pythagoras Theorem , The hypotenuse² = base² + height²

Given data ,

Let the equation be represented as A

Now , the value of A is

Let the triangle be ΔWXY

Now , the sides of the triangle is

WX = √36

WY = √18

XY = √18

Now , for the triangle WXY to be a right angle triangle

For a right angle triangle

From the Pythagoras Theorem , The hypotenuse² = base² + height²

Substituting the value in the equation , we get

WX² = XY² + WY²

( √36 )² = ( √18 )² + ( √18 )²

36 = 18 + 18

36 = 36

Therefore , it is a right angle triangle

Hence ,

The triangle ΔWXY is a right angle triangle

To learn more about triangles click :

https://brainly.com/question/16739377

#SPJ5

Which problem can we solve with 27 : 3?
Choose 1 answer:
A
Gino had 27 walnut trees in his yard. He cut 3 down
to use for firewood. How many walnut trees does
Gino have left?
Lindsey picked 3 bags of apples. There are 27 apples
in each bag. How many apples does she have in
total?
La Tasha has 27 rabbit stickers. She splits the stickers
evenly among 3 pieces of paper. How many stickers
did La Tasha put on each piece of paper?​

Answers

Answer:

La Tasha has 27 rabbit stickers. She splits the stickers

evenly among 3 pieces of paper. How many stickers

did La Tasha put on each piece of paper?​

Step-by-step explanation:

Refer to the regular square pyramid shown. 13. B = ? 14. L.A. = ? 15. T.A. = ? 16. V = ?​

Refer to the regular square pyramid shown. 13. B = ? 14. L.A. = ? 15. T.A. = ? 16. V = ?

Answers

The total surface area of the pyramid is  1,296 unit².

The lateral surface area (L.A) of the pyramid is 19.21 unit².

The volume of pyramid is 120 unit³.

What is the surface area of the pyramid?

The surface area of the pyramid is calculated as follows;

T.S.A = 2bh + b²

where;

b is the base of the triangular faceh is the height of each triangular face

In then diagram, we where given, base, b = 24 units, height = 15 units, then the surface area of the pyramid is calculated as follows;

T.S.A = 2 x 24 x 15  +  24²

T.S.A = 1,296 unit²

The lateral surface area is calculated as

L.A = √(b²/4 + h²)

L.A = √(24²/4 + 15²)

L.A = 19.21 unit²

The volume of pyramid is calculated as;

V = ¹/₃BH

V = ¹/₃ x 24 x 15

V = 120 unit³

Learn more about volume of pyramid here: https://brainly.com/question/18994842

#SPJ1

The thickness of a block is approximately 2 centimeters. How many blocks are in a stack that is 1,000 millimeters high? ( 1 cm = 10 mm )

Answers

Answer:

1block=2cm

1cm=10mm

therefore 1block=2×10=20

1000÷20=50

=50blocks

The answer to ur question is 50 blocks

help plz

Identify complementary angles in the given figure.


A)

4 and 6

B)

4 and 7

C)

1 and 8

D)

5 and 3

help plzIdentify complementary angles in the given figure.A) 4 and 6B) 4 and 7C) 1 and 8D) 5 and 3

Answers

Answer:

C)

Because I did that test and got that right

Answer:

the answer would be (D) 1 and 8

I give frre brainlisest click here

Answers

Yayyy have a nice and lovely day may the lord bless you and your family

the square root of 4 is 2

✓38 is approximately equal to
A. 20
B. 3.8
C. 6
D. 14

Answers

Answer:

C

Step-by-step explanation:

I hope this helps you out!

I think the answer is C. 6

The graphs of y=f(x) and g(x) are shown below: a: -5 and 6 b: 4 and 7 c: -3,-1, and 4 d: -3,1,3 and 5

The graphs of y=f(x) and g(x) are shown below: a: -5 and 6 b: 4 and 7 c: -3,-1, and 4 d: -3,1,3 and 5

Answers

It wants to know when the the graphs have the same y value in terms of x. You can tell by looking at the graph (it’s where they intercept).
Other Questions
Determine the class of the compound, which contains only carbon and hydrogen, and exhibits the infrared spectrum below. Possible compound classes are: Semiconductors are more effective than metals as converters of solar radiation into electricity because? Price of an article is 400 and sold with discount including 13% vat at 339 find discount rate which of the following is considered an aspect of positive sexual development that the majority of adolescents face? a cylinder with radius 4 inches and height 3 inches what is th volume of the solid If ak =(-1)for k = 0,1, 2..., which of the following statements about the infinite series ak is true? ko A The series converges and has sum 0. B The series converges and has sum-1. The series converges and has sum 1. D The series diverges. What are the advantages and disadvantages of weighing 70 pound armor? Stock Valuation 8. Genentech is expecting both carnings and dividends to grow by 15% in Year 1,0% in Year 2, by 5% in Year 3 , and at a constant rate of 10 percent in Year 4 and thereafter. The required return on Genentech is 15 percent, and it selis at its equilibrium current price 530.63. What is the approximate value of its expected dividend next year? A) 50 B) 51.25 C) 51.75 D) $2.05 E) $2.85 This article would be most useful as a source for a student research project on __________.A. Universally accepted naming conventions for various tree speciesB. Comparing and contrasting giant sequoias and coastal redwoodsC. Examples of living fossils that are of interest to scientists todayD. How increasing absorption of carbon dioxide helps the environmentThis is the article:Giants of CaliforniaLife Science Studies: Energy and Relationships in EcosystemsFRESNO, California (Achieve3000, June 21, 2013). Conjure up an image of a towering tree in your neighborhood, and consider for a moment how it compares with the houses and buildings on your street. Now imagine a tree that is 26 stories high and thick enough that if it were hollow, you could comfortably camp inside. This isn't a fictive tree dreamed up by mythmakers and storytellers. Gargantuan trees like this existthey're called giant sequoias, and they're native to the Sierra Nevada Mountains of California.Giant sequoias are so imposing that the biggest ones have names, and they are ranked by sizeone impressive tree, the General Sherman, is the largest of all sequoias, and the largest (though not the tallest) tree on the planet. According to the latest data, the enormous tree is 274.9 feet (83.8 meters) high, 102.6 feet (31.3 meters) in circumference, and 36.5 feet (11.1 meters) in diameter at the basethat's about half the width of a high school gym. And like many of its kindred giant sequoias, the General Sherman is still growing.Clearly, a tree this large must be very old, and scientists estimate that the General Sherman is indeed about 2,500 years old, which means it was a sapling when, across a continent and an ocean, Ancient Greece was at its apogee.The General Sherman is joined in its grandeur by a giant sequoia called The President (the tree's moniker is in honor of U.S. President Warren G. Harding), which measures some 93 feet (28 meters) in circumference, and like the General Sherman, the 3,240-year-old tree grows in Sequoia National Park. Scientists are fascinated with The President, which after comprehensive measurements, has been deemed the second-largest tree in the worldit is currently about 15 percent larger than the third-largest tree, the General Grant."I consider [The President] to be the greatest tree in all of the mountains of the world," said Stephen Sillett, a researcher whose team from Humboldt State University is studying the giant trees of California.Sillett and his team are the scientists who discovered that The President deserved second billingnot thirdin size rankings. After taking 15 half-centimeter-wide core samples of The President to determine its growth rate, they discovered that the tree's growth was stunted in the abnormally cold year of 1580, when temperatures in the Sierra Nevada hovered near freezing, even in the summer, and the trees remained dormant. They also learned that ancient trees like The President don't slow down with agethey actually speed up their growth processes as they get older. The President adds about one cubic meter of wood a year during its short six-month growing season, making it one of the fastest-growing trees in the world. It's hard to fathom how much larger a giant like The President could get in just a few hundred more years.Sillett and his team aren't just in the business of gawking at humongous trees, though, and through their research they've determined that The President holds another distinction that could make a difference in our futureits 2 billion leaves are thought to be the most of any tree on the planet. All of those leaves make it one of the most efficient trees at absorbing carbon dioxide, which scientists believe is one cause of deleterious climate change."We're not going to save the world with any one strategy, but part of the value of these great trees is this contribution, and we're trying to get a handle on the math behind that," Sillett explained.Giant sequoias grow so big and for so long because their wood is resistant to the pests and diseases that dwarf the lifespan of other species of trees, many of which live only a few hundred years, and their thick bark makes sequoias impervious to fast-moving fires.It's that resiliency that makes sequoias and their even taller coastal redwood cousin worthy of intensive protections, Sillett said, adding that he doesn't care that The President hasn't caught up to the giant among giants, the General Sherman. For him, it's not a contest."They're all superlative in their own way," Sillett affirmed. Example One: Choose one example from the Medieval portion of the Prezi to support your thinking about the change. Explain howpeople thought about this aspect of life during the Middle Ages.During Middle Ages people were_Example One: Choose one example from the Renaissance portion of the Prezi to support your thinking about the change. Explainthis new way of thinking and state how it shows a change from the Middle Ages. Please help! A building is constructed on top of a cliff that is 300 meters high. A person standing on level ground below the cliff observes that the angle of elevation to the top of the building is 72 and the angle of elevation to the top of the cliff is 63. a. How far away is the person from the base of the cliff? b. What is the buildings height? The surface area of a rectangular prism with length l, width w, and height h is 2lw+2wh+2lh. Reba painted a box shaped like a rectangular prism for her little sister to use as a treasure box. The treasure box is 12 inches long, 5 inches wide, and 4 inches high.What is the surface area of the treasure box?Write your answer as a whole number or decimal. Calculate the theoretical yield of aspirin given that 3. 52-ml of acetic anhydride was reacted with 0. 9457-g of salicylic acid. Believing that a higher, or universal, law exists that applies to all human beings, and that each written law should reflect the principles inherent in this higher law, is Need help for geo..will mark brainlist Evaluate the double Integral x cos y dxdywhere R is the (finite) region in the first quadrant between the parabola y = x^2 and theline y = 1. which additional control experiment would allow the researchers to conclude that the macrophage migration differences in ncm and acm are due primarily to chemoattractant in the medium? Mozart borrowed a mortgage loan of $143,200. The loan terms require monthly payments for 30 years at an APR of 5 percent, compounded monthly. What is the amount of each mortgage payment? What is the hidden message in Bridge to Terabithia? Permanent Assets and Temporary Assets for Each MonthJanuary February March April Current Assets 20,000 30,000 20,000 20,000 Fixed Assets 50,000 50,000 50,000 50,000 Permanent Assets 70,000 70,000 70,000 70,000 Temporary Assets 0 10,000 0 0A flexible policy would finance $80,000 with long-term debt and have excess cash of $10,000 to invest in marketable securities in January, March, and April. Overall, the interest expense on the extra $10,000 borrowed long-term will outweigh the interest received from the marketable securities.A restrictive policy would finance $70,000 with long-term debt. In February, the firm would borrow $10,000 on a short-term basis to cover the cost of temporary assets in that month.The short-term loan would be repaid in March. Which policy would be most effective for this firm- the flexible or restrictive?Post an answer, justifying it with what evidence you believe would be the most convincing.