Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 04, 2024

Last year, Kaitlin invested her money in two purchases. She purchased a certificate of deposit for$4000that paid7%interest per year and purchased$1000in corporate bonds paying4%interest per

Last year, Kaitlin invested her money in two purchases. She purchased a certificate of deposit for$4000that paid7%interest per year and purchased$1000in corporate bonds paying4%interest per year.

Answer the questions below. Do not do any rounding.

(a) What was the total interest earned at the end of 1 year?

(b) What was the percent interest for his total investment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Algebra

Authors: Jerome E Kaufmann, Rosemary Karr, Karen L Schwitters, Marilyn Massey, R David Gustafson

10th Edition

1305161769, 9781305161764

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Discuss ways that work / life balance issues may be improved in the U.S. by drawing on successful practices from other nations. Provide specific examples to support your response.

Answered: 1 week ago

Question

★★★★★

26.4. Do a functional decomposition of the robot software you described in Problem 26.1. Estimate the size of each function in LOC. Assuming that your organization produces 450 LOC/ pm with a...

Answered: 1 week ago

Question

★★★★★

How does a confidence interval differ from the large sample interval estimator?

Answered: 1 week ago

Question

★★★★★

Power Serve Company expects to operate at 85% of productive capacity during April. The total manufacturing costs for April for the production of 30,000 batteries are budgeted as follows: Direct...

Answered: 1 week ago

Question

★★★★★

What is a special case of what - if analysis and includes the study of the impact on other variables when Goal - seeking analysis Optimization analysis Sensitivity analysis

Answered: 1 week ago

Question

★★★★★

Explain why standards for computer products change over time in an organization.

Answered: 1 week ago

Question

★★★★★

In 1817, who attempted to sort elements with similar properties in a logical order into groups? [A] Emmy Noether [B] Henry Moseley [C] Dobereiner [D] Mendeleev

Answered: 1 week ago

Question

★★★★★

Sodium bicarbonate decomposes above 70 C, making it usable in bakery products. What end product of this thermal decomposition process contributes to its use in baking? [A] Hydrogen [B] Carbon Dioxide...

Answered: 1 week ago

Question

★★★★★

3. Which among the following is popularly called Hypo? [A] Silver bromide [B] Silver nitrate [C] Sodium thiosulphate [D] Sodium phosphate

Answered: 1 week ago

Question

★★★★★

1. Daltons name is associated with which of the following terms? [A] Electron [B] Proton [C] Atom [D] Neutron

Answered: 1 week ago

Question

★★★★★

Define Administration?

Answered: 1 week ago

Question

★★★★★

1. What information of vital importance is not expressed in the message? The answer to the question tells us a little about the code used between the parties.

Answered: 1 week ago

Question

★★★★★

2. Find five metaphors for communication.

Answered: 1 week ago

Question

★★★★★

5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

Answered: 1 week ago

Previous Question Next Question