($ 3,000) is invested in a 5 -year CD earning (2.25 %) interest. How much is the...
Question:
\(\$ 3,000\) is invested in a 5 -year CD earning \(2.25 \%\) interest. How much is the CD worth in 5 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Your mother just received a $250,000 inheritance. If she invests her money in a diversified equity portfolio returning 8 percent per year, approximately how long will it take her to become a...
-
1. Based on the inflation rates, compute the value of the retirement home and Jimmy and Janes current home when they wants to retire in 40 years. 2. Based on the inflation rates, compute the cost of...
-
This task requires you to prepare a 'Peer Review Feedback Report'. In this report you are to Identify any areas in which your colleague's work needs to be improved, paying particular attention to...
-
A production supervisor at a major chemical company wishes to determine whether a new catalyst, catalyst XA-100, increases the mean hourly yield of a chemical process beyond the current mean hourly...
-
In Exercises 1-3, evaluate the quadratic form f(x) = xT Ax for the given A and x. 1. 2. 3. . 34 3 1 2
-
The following table represents the market share (in number of movies, gross in millions of dollars, and millions of tickets sold) of each type of movie in 2011: a. construct a bar chart, a pie chart,...
-
Demonstrate that an ensemble of five independent binary classifiers, each with a base error rate of 0.6, has a higher error rate than 0.6.
-
Refer to the Snoey Software Company case. Design a spreadsheet that will determine the annual profit when the prices for the Educational, Large-Scale, and Professional versions are $100, $300, and...
-
Q. What is the effect of the 2018 Tax Cuts & Jobs Act on standard deduction and itemized deduction?
-
A \(\$ 4,000.00\) simple interest loan is taken out for 3 years at \(12.5 \%\). How much is owed when the loan comes due?
-
The retail price of an item is \(\$ 345.38\) and sales tax in the region is \(8.25 \%\). How much is the sales tax?
-
Marks & Spencer (M&S) is a well-known multinational retailer that sells high-quality products in the clothing, food, and home products categories. They have set up retail outlets in a few prime...
-
The equation for the standard normal curve (the normal curve with mean 0 and standard deviation 1) graphs as an exponential curve. Graph this curve, whose equation is \[y=\frac{e^{-x^{2} /...
-
Design an undirected network with N=7 and L=12. Based on how you drew your network, classify it as either fully connected ,random, or scale-free. Justify your decision with a short paragraph response.
-
Use the Ch08_AviaCo database shown in Figure P8.35 to work Problems 3546. Modify the MODEL table to add the attribute and insert the values shown in the following table. Table P8.35 Attribute and...
-
The Tip Calculator app does not need a Button to perform its calculations. Reimplement this app to use property listeners to perform the calculations whenever the user modifies the bill amount or...
-
A particle, carrying a positive charge of \(4 \mathrm{nC}\), located at \((5 \mathrm{~cm}, 0)\) on the \(x\)-axis experiences an attractive force of magnitude 115.2 \(\mathrm{N}\) due to an unknown...
-
What is meant by the term privity? How does privity affect the auditors liability under common law?
-
SBS Company have received a contract to supply its product to a Health Care Service Hospital. The sales involve supplying 1,250 units every quarter, the sales price is RM 85 per unit. The Client...
-
Maddox Resources has credit sales of $ 1 8 0 , 0 0 0 yearly with credit terms of net 3 0 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its...
-
Selk Steel Co., which began operations on January 4, 2017, had the following subsequent transactions and events in its long-term investments. 2017 Jan. 5 Selk purchased 50,000 shares (25% of total)...
-
Equipment with a book value of $84,000 and an original cost of $166,000 was sold at a loss of $36,000. Paid $100,000 cash for a new truck. Sold land costing $330,000 for $415,000 cash, yielding a...
Study smarter with the SolutionInn App