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
NO LINKS OR FILES!!!!!!! How many millimeters is this line segment?
34kurt

Answer:

remember this line it will help you

<h3>Milli centi deci meter dega hecto kilometer</h3>

Step-by-step explanation:

<h2>milli to centi takes 10 points difference so option c. 40 millimeters is the correct answer</h2>
7 0
2 years ago
Two equivalent ratios of 2/11
valina [46]

4/22 and 8/44 are equivalent

8 0
3 years ago
What equation represents y=−3x^2+12x−8 in vertex form?
Savatey [412]
Y=3(x+2)^2-20 hope this is right!
7 0
3 years ago
a quadrilateral has all sides the same length and no right angles. what is the name of the quadrilateral
xxTIMURxx [149]
Rhombus 

it has 4 sides all equal and has no right angles

Hope this helps
6 0
3 years ago
The sum of 3 consecutive odd numbers is 87. what is the smallest of the 3 numbers?
tiny-mole [99]
Lets first numbers is x, second is (x+2), third is x+4
sum is x+(x+2)+(x+4)=87
3x+6=87
3x=81
x=27
Answer: smallest number is 27
7 0
2 years ago
Read 2 more answers
Other questions:
  • 2. Multiple Choice. Gary says, “I chose a number. I multiplied it by 5 and then
    10·2 answers
  • Tan9 - tan27 - tan63 + tan 81 = ?
    9·1 answer
  • Solve for S<br><br> P=4s<br><br> Please answer!!!!
    6·2 answers
  • A poll finds that 54% of the 600 people polled favor the incumbent. Shortly after the poll is taken, it is disclosed that the in
    6·1 answer
  • SHOW WORK PLS I NEED IT ASAP
    10·2 answers
  • Three more than twice a number is nine
    15·2 answers
  • Which country has toughest maths?​
    5·1 answer
  • What is the unknown number that makes the equation true?
    5·2 answers
  • Follow the directions to solve the system of equations by elimination.
    10·1 answer
  • Simplify the following polynomial expression.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!