Question 4 4 pts Lori buys a $1500 certificate of deposit (CD) that earns 6% interest that compounds monthly. How much will the CD be worth in: 5 years? 10 years? 486 months?

Answers

Answer 1

Answer:

Step-by-step explanation:

5 years

[tex]1500(1+\frac{.06}{12})^{12*5}=2023.275229[/tex]

10 years

[tex]1500(1+\frac{.06}{12})^{10*12}=2729.095101[/tex]

486 months:

[tex]1500(1+\frac{.06}{12})^{486}=16935.47074[/tex]

round those as you please


Related Questions

Solve 7 ( x + 1 ) + 2 = 5x + 15

Answers

Answer:

x = 3

Step-by-step explanation:

7(x + 1) + 2 = 5x + 15

~Simplify left side

7x + 7 + 2 = 5x + 15

~Combine like terms

7x + 9 = 5x + 15

~Subtract 9 to both sides

7x = 5x + 6

~Subtract 5x to both sides

2x = 6

~Divide 2 to both sides

x = 3

Best of Luck!

Need help with this- Precalculus

Answers

use x^2 when x=0 because the restriction for it is "use x if x is less than or equal to 1"

when x = 0, (0)^2 will make f(x) = 0

the graph of f(x) will just be a dot at 0

Other Questions
The number of bags of Brand Y dog food sold on these five days was 175. Which bar represents the data for Day 5 for Brand Y? Write a program that asks the user to enter in a username and then examines that username to make sure it complies with the rules above. Here's a sample running of the program - note that you want to keep prompting the user until they supply you with a valid username: solve for x. solve for x. solve for x. If enough experimental data supports a hypothesis, then it:O A. Is proven 100% true.OB. Is falsified.OC. Is accepted as true until prolan false.OD. Becomes an Observational Law what are the problems of various employment sectors? What is the Constant of which bait works best for a fly trap? The following data relate to direct materials for the month for the Hodge Wax Company: The standard costs for the work done was 5,900 pounds of wax at $9.50 per pound. The actual costs were 6,300 pounds at $9 per pound. What is the direct materials efficiency variance Someone please help me find y if you dont mind Thankyouu so much 9)Using appropriate properties , find 7551231275115 Solve for x: -5 < 8x + 11 < 19 Choose one. 5 pointsUse the equation from week 3:frequency =wavespeedwavelengthand the wavelength you found in #3 to calculate the frequency of this photon (remember the speed oflight is 3E8 m/s);7.6E14 Hz6.0E14 Hz4,6E14 Hz Need help with this- Precalculus importance of art work in mental healing When was Jhon f Kennedy born of (3, -2) reflected across the line x = 1 is? A sample of gas has a volume of 20 cm.The pressure is changed to 90 kPa at constant temperature,while the volume increases to 75 cm.What was the original pressure of the gas? Macronutrients is the most readily available for energy production HIV be transmitted by: saliva in the mouth (kissing)TrueFalse A firm has a demand function p=108-5q and the cost function c=-12q+q^2. find the price at which profit is maximum. find the maximum profit. also find the output for maximum cost. asexual reproduction can be a disadvantage to a population if