9514 1404 393
Answer:
$13,916.24
Step-by-step explanation:
First, we need to find the value of the CD at maturity.
A = P(1 +rt) . . . . simple interest rate r for t years
A = $2500(1 +0.085·3) = $2500×1.255 = $3137.50
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Now, we can find the value of the account with compound interest.
A = P(1 +r)^t . . . . . rate r compounded annually for t years
A = $3137.50 × 1.18^9 = $13,916.24
The mutual fund was worth $13,916.24 after 9 years.
Answer:
The price of the shirt at the store is $16
Step-by-step explanation:
12 x .25 = 4
4 + 12 = 16
<span>60 x 40 = 2400 8 x 40 = 320 60 x 3 = 180 8 x 3 = 24 68 x 43 = 2924</span>