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
GuDViN [60]
3 years ago
7

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

Mathematics
1 answer:
erastovalidia [21]3 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
If a shape has four sides, then it is a quadrilateral. A square has four sides. (It is asking What is a logical conclusion from
IRISSAK [1]

Answer:

B: A square is a quadrilateral

Step-by-step explanation:

6 0
2 years ago
Which is faster a car driving at a rate of 40 kph or a car at driving at a rate of 15 metres a second
LuckyWell [14K]
40 kph is equal to abt 11 mps so that means 40kph is faster
7 0
3 years ago
When calculating interest accrued, you should ____.
Ber [7]

Answer:

(B)

Step-by-step explanation:

Interest accrued is defined as the interest which we need to pay at the end of some time span. The interest accrued may be on daily basis as well as on monthly basis.

For calculating the interest accrued, we first multiply the principal amount with  APR, this will give the interest of one year.

Then we will multiply it with the  no. of months on which the interest is being calculated and divide it by total no. of months.

This will give the interest accrued every month.

When calculating interest accrued, you should <u>multiply the principal by the APR and number of months, then divide by the total number of months in the year.</u>

4 0
3 years ago
Change the percent to a fraction:10%
Shkiper50 [21]

Answer:

1/10

Step-by-step explanation:

10/100= 10%

8 0
2 years ago
Read 2 more answers
2. Amy is paid $5.50 per hour. How much did she make this week? she worked a total of 32 hours.
love history [14]

Answer:

Amy earned 176 dollars that week

4 0
2 years ago
Other questions:
  • Which level of government relies the most on income tax?<br> a. federal<br> b. state<br> c. local
    15·2 answers
  • What number is the same as 10^-5
    10·2 answers
  • The solutions to the equations 2x^2 +x-1=2 are x=-3/2 or
    6·2 answers
  • Graph of which exponential function passes through the points (0,4) and (1,24)?​
    6·1 answer
  • A recent survey indicated that 405 out of 500
    7·2 answers
  • 5x - 7 = -12 please help me with this ill mark brainliest
    7·2 answers
  • Mia combines the items in the table to make potting
    6·2 answers
  • Plss help<br> math work <br> bleh
    14·1 answer
  • What is the solution of x2+49 = x+5?
    6·1 answer
  • A recipe for 1/2 dozen cookies calls for 1/4 pound of butter.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!