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
soldi70 [24.7K]
3 years ago
8

Lainey puts $600 into a GIC for 5 years. The GIC pays 6.2% interest, compounded monthly. How much interest has she earned after

5 years?
Mathematics
1 answer:
Luden [163]3 years ago
4 0

Answer:

FV= $819.03

Step-by-step explanation:

Giving the following information:

Initial investment= $600

Number of periods= 5*12= 60 months

Interest rate= 0.062/12= 0.0052

<u>To calculate the future value of the investment, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 600*(1.0052^60)

FV= $819.03

You might be interested in
Please help with my geometry homework.
erica [24]

Answer:

first option

Step-by-step explanation:

you multiply each coordinate per 4

6 0
2 years ago
Carla plumbing charges $25 for a service call and $28 per hour, h, for labor for any repair. The total cost , t, for a repair ca
Ulleksa [173]

Answer:

It took 5 hours

Step-by-step explanation:

Because 28 times 5 is 140 plus 25 for the call is 165.

4 0
2 years ago
In a woodworking class, you need to make five triangles out of plywood. Each triangle has a height of 6 inches and a base of 14
Bogdan [553]

Answer:5 * (1/2 * 6 * 14)= x

Step-by-step explanation: :D

3 0
3 years ago
A colony of bacteria is growing at a rate of 0.2 times its mass. Here time is measured in hours and mass in grams. The mass of t
arsen [322]

Answer:

See attachment below

Step-by-step explanation:

4 0
3 years ago
Mr. Tate is ordering books for his class. Each book costs $10.95. If he orders more than $300 worth of
Margarita [4]

Answer:

thats hard

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • Adam and Barb planned a used book sale for the weekend so they gathered their books and agreed on a price for hardbacks and a lo
    10·2 answers
  • What is 28,550,000,000 rounded to the nearest billion thanks for the help 
    10·1 answer
  • It's #25 guys. Show your work!
    15·1 answer
  • Write the compound inequality for the graph shown below:<br><br><br>pic
    7·2 answers
  • After page 182 in a book came page 187. How many pages were missing ?
    12·2 answers
  • In chapter 2, Ralph tried to gain momentum while on the motorcycle. Ralph crossed the 72 inch tabletop in 35 seconds. Find the r
    14·1 answer
  • How many moles are in 25g of CO2?<br><br> With calculation show please
    8·2 answers
  • PLEASE NEED HELP ASAP IM GIVING ALL MY POINTS THIS SHOULD BE A EASY QUESTION.​
    14·1 answer
  • . <br> Find the value of x for which ABCD must be a parallelogram.
    12·1 answer
  • in 1995, diana read 10 english books and 7 french books. in 191!6, she read twice as many french books as english books. if 60%
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!