Two mechanics, Martin and Gordon, are working on your car. Martin can complete the work in 4 hours, while Gordon can complete th
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Answer:
The money she will end up earning in interest on the cd = $11,352.90
Step-by-step explanation:
The formula for getting the accumulated amount(compounded) is;
Where
A = Accumulated amount
P = principle (deposit)
r = interest rate and
n = no of times interest applied per time period.
The interest is compounded quarterly so in one year it will be 4 times
In 5 years
n = (5×4)-3 = 17 (as she will withdraw 3 month before the completion of five years)
A = ^17
= 7100( 1 + 0.028)^17
= 7100(1.028)^17
= 7100 * 1.599
= 11,352.90
Therefore the money she will end up earning in interest on the cd = $11,352.90
Answer:
Your answer is
Step-by-step explanation:
That is kind of hard. I have used the internet to help create that repeating decimal to a fraction and got that as your answer.