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
bazaltina [42]
2 years ago
14

Daniel purchased a 1 year CD, c, from a bank. He bought it at an annual interest rate of 6%. After 1 year, Daniel cashes in the

CD. What is the total amount it it worth?
Mathematics
1 answer:
zhenek [66]2 years ago
6 0

Step-by-step explanation:

if I understand correctly, then he bought a CD with a balance of c and an annual interest rate of 6%.

now, after this one year the CD is worth (the account balance is) c + 6% = 100% + 6% = 106% = 1.06×c

You might be interested in
What is the current value of a zero-coupon bond that pays a face value of $1,000 at maturity in 6 years if the appropriate disco
Zolol [24]

Answer:4

Step-by-step explanation:

A zero-coupon bond  doesn’t make any payments. Instead, investors purchase the zero-coupon bond for less than its face value, and when the bond matures, they receive the face value.

To figure the price you should pay for a zero-coupon bond, you'll follow these steps:

Divide your required rate of return by 100 to convert it to a decimal.

Add 1 to the required rate of return as a decimal.

Raise the result to the power of the number of years until the bond matures.

Divide the face value of the bond to calculate the price to pay for the zero-coupon bond to achieve your desired rate of return.

First, divide 4 percent by 100 to get 0.04. Second, add 1 to 0.04 to get 1.04. Third, raise 1.04 to the sixth power to get 1.2653. Lastly, divide the face value of $1,000 by 1.2653 to find that the price to pay for the zero-coupon bond is $790,32.

5 0
3 years ago
Can yall help me please
Luda [366]
√896z^15/<span>√225z^6 

= </span>√896z^9/<span>√225

= </span>√64√14(z^4)<span>√z/15

= 8</span>√14(z^4)<span>√z/15

= (8z^4/15) * </span><span>√14z

x = 8</span>
7 0
3 years ago
What is 5 multiplied by 3 1/3
maksim [4K]

Answer:

16 2/3 or 16.66 repeating

6 0
3 years ago
B. (4,-7)
zvonat [6]

Answer:

b)-3

c)17

d)-11

Step-by-step explanation:

4,-7)

-3

5 0
3 years ago
2x +1 &lt; 5 what would be the inequality for this ?
Juli2301 [7.4K]

Hey there!


2x + 1 < 5

SUBTRACT 1 to BOTH SIDES

2x + 1 - 1 < 5 - 1

SIMPLIFY IT!
2x < 5 - 1

2x < 4


DIVIDE 2 to BOTH SIDES

2x/2 < 4/2

SIMPLIFY IT!
x < 4/2

x < 2


Therefore, your answer is: x < 2

(The graph is down below)


Good luck on your assignment & enjoy your day!


~Amphitrite1040:)

8 0
2 years ago
Read 2 more answers
Other questions:
  • Is a directed segment with endpoints A(2,2) and B(14,14). In two or more complete sentences, explain how you would verify that P
    5·2 answers
  • If a+b+c=9 and ab+bc+ca=23 then a^3+b^3+c^3-3abc =?
    5·1 answer
  • Draw a model for a fraction1/6
    13·2 answers
  • Helppppp meeee pleassseee
    11·1 answer
  • Which line is parallel to line r? line p line q line s line t
    8·2 answers
  • What value of x makes this equation TRUE? 4x + 2 = −14
    5·1 answer
  • Two number cubes are rolled.
    8·1 answer
  • 13 in = ___________ ft
    7·1 answer
  • Myra took a math quiz last week. There were 30 problems on the quiz and Myra answered 60% of them correctly. How many problems d
    8·2 answers
  • Given the function f(x)=4x+10 and g(x), which function has a greater slope?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!