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
A lemonade recipe calls for 6 gallons of water how many quarts of water are needed for the recipe
lyudmila [28]

Answer:

24 quarts

Step-by-step explanation:

in one gallon there is 4 quarts so 6*4= 24

5 0
2 years ago
Read 2 more answers
PLZZZZ HELP WITHT THISSSS
IRISSAK [1]

Answer:

lol idk my butthole stinke

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Write the number 3.7 as a mixed number let x
puteri [66]
3.7/1 = 3.7

multiply it through to make it a whole number.
x 10

37
_
10

then see how mant times 10 goes into it.
3 times. so 3 is your whole number. 7/10 remains.
that is your fraction.

4 0
3 years ago
Fin the product of -3+1i and its conjugate
neonofarm [45]
If u are using i as a variable the answer would be i= 3.
7 0
3 years ago
) Mr. Rivera is making a healthy dessert for his nephew who has diabetes. He wants
Rus_ich [418]

Answer:

see below

Step-by-step explanation:

Apple crisp has

8 servings and contains 80 grams of sugar.

80 grams / 8 servings = 10 grams per serving

Greek frozen yogurt has

12 servings  and contains 60 grams of sugar.

60 grams / 12 serving = 5 grams per serving

He should make Greek frozen yogurt

8 0
3 years ago
Read 2 more answers
Other questions:
  • All of those ones please
    14·1 answer
  • We just started learning this today so if anyone can help me that would be cool
    5·1 answer
  • Two sides of a right triangle measure 7 units and 3 units. What is the area of the square that shares a side with the third side
    14·1 answer
  • For what values of p is the value of the binomial 1.5p−1 smaller than the value of the binomial 1+1.1p?
    11·1 answer
  • Identify the level of measurement of the data, and explain what is wrong with the given calculation.In a set of​ data, mood leve
    6·1 answer
  • What is the lowest value of the range of the function
    12·1 answer
  • Write an equation showing the relationship between side length s and<br> volume V of a cube.
    14·1 answer
  • £240 is divided between Sara , Gordon and Makachy so that sara has twice as much as gordon and Gorgon gets three times as much a
    12·1 answer
  • Plz solve this question
    7·1 answer
  • Jason has 3/ 4 ton of stone to spread equally in 3 square yards. How many tons of stone will be spread in each square yard?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!