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:4 dozens of video games would cost $1956
Step-by-step explanation:
An electronic store prices 3 dozen video games at a total of 1467. A dozen of video games is 12. Therefore, the total number of video games whose cost is 1467 is 12 × 3 = 36
if each video game costs the same amount, then the cost of one video game would be
1467/36 = $40.75
The total number of video games in 4 dozens of video game would be
4 × 12 = 48
Therefore, the total cost of 48 video games would be
48 × 40.75 = $1956
Answer:
d.100
Step-by-step explanation:
i just took the test
Answer:
19
Step-by-step explanation:
