All categories

2 years ago

Gordon invested $77,000 into a CD compounded quarterly with an annual interest

Mathematics

1 answer:

erastovalidia [21]2 years ago

3 0

Answer:

$135,150.18

Step-by-step explanation:

We're gonna use the quarterly compound interest formula: P = A(1 + r/4)⁴ⁿ

P = final amount (?)

A = starting amount (77,000)

r = rate (0.063)

n = years (9)

P = 77000(1 + 0.063/4)⁴ ˣ ⁹

P = 77000(1 + 0.063/4)³⁶

P = 77000(1.01575)³⁶

P = 77000(1.7551972)

P = 135,150.1844

You might be interested in

Which quadrilaterals are also parallelograms?

sveticcg [70]

A, B, and D. A trapezoid cannot be parallel because the 2 left and right sides will eventually meet/connect.

4 0

3 years ago

Please help me with this!!!

Alona [7]

Answer:

Divide each number by 2 then translate them

5 0

2 years ago

Plz help me will give crown.

Contact [7]

Answer:

1/3

Step-by-step explanation:

-4/15+3/5

-4/15+3×3/5×3

-4/15+9/15

-4+9/15

5/15

1/3

Hope this helps!

7 0

3 years ago

Read 2 more answers

Honey and Money are twin brothers. Mother wants to equally divide a rectangular shaped cake of 5cm wide and 6cm long. Find the l

tatuchka [14]

Answer:

Length of rectangular cake = 5 cm

Breadth of rectangular cake = 6 cm

Area of rectangle = 5 cm × 6 cm =30 cm²

If cake is equally distributed between Honey and Money, then areas of two parts should be equal.

So, Amount of cake that Honey and money got $\frac{30}{2}=15$

Share of each (Honey and Money)=15 cm²

So, if the third cake if it was cut diagonally ,the cake must have some height.

Let the height of cake be H.

So, Height of third cake $=\sqrt{L^2+B^2+H^2}\\\\=\sqrt{5^2+6^2+H^2}\\\\=\sqrt{61+H^2}$

If , H=0 that is height is negligible having 0 thickness,

Then the Length of third cake, which is divided into two parts=√61=7.81 cm

5 0

3 years ago

I need help with proofs

Natasha_Volkova [10]

<span>Proofs are often over-complicated in math class. They are basically a step by step way of doing an assignment. There can be ones that are done using only math equations, but there are also ones that you write out as you would an essay, and those are my personal favorite. In those, you basically write out moment by moment how you find out the answer to a given problem.</span>

6 0

3 years ago