1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ss7ja [257]
3 years ago
6

Blanche bought a 5-year cd for $7100 with an apr of 2.8%, compounded quarterly, but she wants to take all her money out 9 months

early. the early redemption fee for the cd is 3 months' interest on the original principal. help blanche determine how much money she will end up earning in interest on the cd. (5 points: part i – 1 point; part ii – 1 point; part iii – 1 point; part iv – 1 point; part v – 1 point)
Mathematics
1 answer:
katrin2010 [14]3 years ago
4 0
The formula for getting the accumulated amount(compounded) is;
A =P(1+r%)∧n
Where A = Acumulated amount 
            P = principle (deposit)
            r = interest rate and
            n = period
Since the interst is compounded quartly, 
period = (5×4)-3 = 17

A = 7100(1+2.8/100)∧17
   = 7100×1.028∧17
   = 11,353.80

The money she will end up earning in interest on the cd = $11,353.80
You might be interested in
It Takes Sierra 8 seconds to walk a 50-foot course, what is the rate that she was walking
Alex73 [517]
She is walking 6.25 ft per second
3 0
2 years ago
True or False: Every number has a limited amount of factors, but an unlimited amount of multiples. ​
Irina18 [472]

Answer:

true

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
The coordinates of the endpoint of a line segments are -3, -5. The line segment is 11 units long. What are the other possible en
Anettt [7]

Answer:

8, 6.

x=8 y=6

Step-by-step explanation:

-3 + 11 = +8

-5 + 11 = +6

8 0
3 years ago
Read 2 more answers
12. On a table there were 16 dimes and quarters. The value of the coins was
7nadin3 [17]
6 quarters and 10 dimes
6 0
3 years ago
Solve the system of linear equations below.
alexdok [17]

Answer:

The answer is X=3, Y=2

hope this helps :)

3 0
3 years ago
Other questions:
  • Domain and range for this relationship <br><br> f(x)=72-12x
    14·1 answer
  • X +3y =6? use the x and y intercepts to graph each linear equation. please show all work.
    13·1 answer
  • I need help please.......
    11·1 answer
  • Let \[x_2=\{n\ | 1\leq n\leq 200, n=k^2\ \exists k\in \z\},\] \[x_3=\{n\ | \ 1\leq n\leq 200, n=k^3\ \exists k\in \z\},\] and \[
    15·1 answer
  • Answer the following questions CORRECTLY I will know if this is wrong. I WILL REPORT ANY INCORRECT ANSWERS!
    11·2 answers
  • Consider circle a. what is the measure of m
    10·1 answer
  • write an equation for the sentence. (Do not use any spaces) six times the sum of a number and five is 16​
    15·2 answers
  • Plss answer correctly<br> 4x - 8 - 2x = 10
    7·2 answers
  • Please do this faster than a sonic the hedghog
    11·1 answer
  • QS and RT are diagonals of parallelogram QRST. RT = 21, SU = 9, and angle RQT = 101. Find RU and QS.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!