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
jeyben [28]
2 years ago
13

Mary Stahley invested $2500 in a 36-month certifi- cate of deposit (CD) that earned 8.5% annual simple interest. When the CD mat

ured, she invested the full amount in a mutual fund that had an annual growth equivalent to 18% compounded annually. How much was the mutual fund worth after 9 years?
Mathematics
1 answer:
nata0808 [166]2 years ago
3 0

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

__

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.

You might be interested in
Can you bisect an angle using only a compass and a straight edge​
ahrayia [7]

Answer:

yes

Step-by-step explanation:

bisect = dividing it into two equal parts

if you were to line the angle up with the north (or really any line of the compass), you could find the center (you could find where two lines [the same distance from north] are on equal sides of north, or you could just find the center of the angle from sight)

and with the straight edge, you could easily divide the angle into two equal halves

4 0
2 years ago
What are distinct angles?
trapecia [35]
Distinct angles are when the angles of a polygon are all different.
4 0
3 years ago
A container holds 9 red markers, 13 blue markers, and 17 green markers. You will randomly select two markers without replacement
IRISSAK [1]

Answer:

a.

                         R-------8/38--------RR

R------9/39--------B-------13/38-------RB

                          G------17/38--------RG

                          R-------9/38--------BR

B--------13/39------B-------12/38-------BB

                           G-------17/38-------BG

                             R-----9/38--------GR

G---------17/39-------B------13/38-------GB

                              G------16/38-------GG

b).

  • 9 ways
  • ways you can select 1 blue are; RB,BR,BG,GB

RB=9/39 × 13/38=3/38

BR= 13/39 × 9/38 =3/38

BG= 13/39 × 17/38=17/114

GB= 17/39 × 13/38=17/114

=3/38 +3/38+17/114+ 17/114 =26/57

  • Probability of selecting 2 red markers= RR = 9/39 × 8/38 =12/247

  • Probability of selecting a green marker and then a red marker= GR= 17/39×9/38 =51/494

8 0
3 years ago
2) AT&T charges an initial fee of $5.80 plus $0.30 per text. If Izzy has her cell phone
balu736 [363]

Answer: 50 texts

Step-by-step explanation: 20.8 - 5.80 = 15

15 ÷ .30 = 50

3 0
3 years ago
Find percent notation for the fraction notation in the sentence given below.
Kruka [31]
9/20 = .45

41/100 = .41
8 0
2 years ago
Other questions:
  • A bottle of cologne cost $19.98. The amount of sales tax is $.99. How much money should the customer pay the clerk for the colog
    11·2 answers
  • I need help with 19, 20, and 21! please and thank you!
    6·1 answer
  • Write the expression as a single logarithm PLEASE<br><br> (log3-log4)-log2
    7·1 answer
  • Find the difference between (15,-17) and (-20,-5)
    12·1 answer
  • Mark packed 1 inch cubes into a box with a volume of 120 cubic inches how many layers of 1 inch cubes did mark pack
    14·1 answer
  • If you shift the quadratic parent function, f(x)=x^2, right 12 units, what is the equation of the new function?
    6·2 answers
  • Helpppp me ASAP!!!!!!!!!
    9·1 answer
  • Which graph shows J(-4,5)
    10·2 answers
  • Which of the following statements is true of an essay's conclusion?
    7·1 answer
  • Dump truck can carry 8 tons. How many pounds can the dump truck carry
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!