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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

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A triangle with vertices at A(0,0), B(0,4), and C(6,0) is dilated to yield a triangle with vertices at A(0,0), (B(0,10), and C (
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The required scale factor for the dialed triangle is given by SF= 6.28

A triangle with vertices at A(0,0), B(0,4), and C(6,0) is dilated to yield a triangle with vertices at A(0,0), (B(0,10), and C (C(15,0).

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4 0
2 years ago
a recipe calls for 3 cups of flour and 2 cups of sugar if you only have 2.5 cups of sugar to keep it proportional how much sugar
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