Answer:
$5265.71
Step-by-step explanation:
We have been given that you deposit $3000 into a money-market savings account which pays 4.8% compounded quarterly.
We will use future value formula to solve our given problem.
, where,
,
r = Rate of return in decimal form,
n = Number of periods.
![4.8\%=\frac{4.8}{100}=0.048](https://tex.z-dn.net/?f=4.8%5C%25%3D%5Cfrac%7B4.8%7D%7B100%7D%3D0.048)
![n=3\times 4=12](https://tex.z-dn.net/?f=n%3D3%5Ctimes%204%3D12)
![FV=\$3,000\times (1+0.048)^{12}](https://tex.z-dn.net/?f=FV%3D%5C%243%2C000%5Ctimes%20%281%2B0.048%29%5E%7B12%7D)
![FV=\$3,000\times (1.048)^{12}](https://tex.z-dn.net/?f=FV%3D%5C%243%2C000%5Ctimes%20%281.048%29%5E%7B12%7D)
![FV=\$3,000\times 1.7552354909370114](https://tex.z-dn.net/?f=FV%3D%5C%243%2C000%5Ctimes%201.7552354909370114)
![FV=\$5265.7064\approx \$5265.71](https://tex.z-dn.net/?f=FV%3D%5C%245265.7064%5Capprox%20%5C%245265.71)
Therefore, there will be $5265.71 in your account at the end of those 3 years.
Answer:
b) d=rt
Step-by-step explanation:
Answer:
6,371,640 Seconds
Step-by-step explanation:
1hr=3600
1769.9x3600=6,371,640
◆ Perimeter and Area ◆
Hey !!
Check the attachment.
Hence , figure (C) has the largest perimeter
Hope it helps you :)
7. 22 / 3 = 7.3333 . basically just rounded it