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Mathematics

1 answer:

Evgen [1.6K]3 years ago

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What is the answer when you simplify 1/3 times 12

pshichka [43]

Answer:4

Step-by-step explanation:

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4 years ago

Can you help with my math

Sloan [31]

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3 years ago

Howard invested $5,000 in Certificate of Deposit (CD) that pays 3.75% interest. compounded weekly. What is the value of the CD a

blsea [12.9K]

Answer:

The value of the CD at the end of the 4 years is $5,808.86.

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

$A(t) = P(1 + \frac{r}{n})^{nt}$

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

Howard invested $5,000 in Certificate of Deposit (CD) that pays 3.75% interest.

This means that $P = 5000, r = 0.0375$