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sasho [114]
3 years ago
10

Myron put $5000 in a 2-year CD playing 3% interest, compounded monthly. After 2 years, he withrew all his money. What was the am

ount of the withdrawal?
Mathematics
2 answers:
alexdok [17]3 years ago
6 0

Answer:

$5308.79

Step-by-step explanation:

a.p.e.x

olga nikolaevna [1]3 years ago
5 0

Answer:

  $5308.79

Step-by-step explanation:

The future value can be computed from ...

  FV = P(1 +r/n)^(nt)

where P is the principal invested, r is the annual interest rate, n is the number of times per year it is compounded, and t is the number of years.

Filling in the given numbers, we have ...

  FV = $5000(1 +.03/12)^(12·2) ≈ $5308.79

Myron's withdrawal will be in the amount of $5308.79.

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Lady_Fox [76]
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y=a(x-h)^2+k
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if a is positive, then it goes down then up
if a is negative, it goes up then down

we see
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6 0
3 years ago
Prove 2(2x+4)= 16 2(2x) by using the laws of exponents.<br> boris9
storchak [24]

The prove that the equation can be verified using the laws of exponents.

<h3>What is the proof of the equation given; 2^(2x+4)= 16 × 2^(2x)?</h3>

It follows from the task content that the equation given is; 2^(2x+4)= 16 • 2^(2x).

It follows from the laws of indices ; particularly, the product of same base numbers.

The evaluation is therefore as follows;

2^(2x+4)= 16 • 2^(2x)

2^(2x) • 2⁴ = 16 • 2^(2x)

2^(2x) • 16 = 16 • 2^(2x)

Hence, since LHS = RHS, it follows that the expression is mathematically correct.

Read more on laws of exponents;

brainly.com/question/847241

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7 0
1 year ago
What is the equation of a line, in general form, with a slope of -2 and a y-intercept of 8?
Ksenya-84 [330]

Answer:

y = -2x + 8 is the answer to the question

8 0
4 years ago
What is the height of a triangle that has an area of 60 yards^2 and a base of a length of 12 yards?
zmey [24]
For a triangle:
A=\frac{b \times h}{2}
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3 0
3 years ago
If x=-7 and y=3x+2, then y equals what number?
kati45 [8]

Answer:

y =  -19

Step-by-step explanation:

3 0
3 years ago
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