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makvit [3.9K]
3 years ago
8

Suppose you buy a CD for $300 that earns 3% APR and is compounded quarterly. The CD matures in 3 years. How much will this CD be

worth at maturity?
A. $328.14
B. $309.12
C. $309.10
D. $303.01
help?,
Mathematics
2 answers:
tino4ka555 [31]3 years ago
8 0
<span>Amount spent at start C = $300 Rate = 3% = 0.03 Number of periods = 3 years Future Value at the maturity FV = 300 x (1 + 0.03) ^3= 300 x 1.0927 = 328 The correct answer would be 328.14</span>
Evgesh-ka [11]3 years ago
4 0

Answer:

$328.14

Step-by-step explanation:

apex

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2. once again, create an equation. let's call team 1 x and team 2 y. team one has 1/4th as many as team 2, so that would be x=1/4y. An easier way to write that is 4x=y. after 6 people quit team two, that would be y-6. after the transfer, that would be y-6-12, and x+12 for the teams. they are equal after these, so y-6-12=x+12. solve this equation to get y-18= x+12. if you recall earlier, y was 4 times x, so substitute that into y to get 4x-18=x+12. Solve the equation to get 10 people on team one originally. your final answer is 10 people. 
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