gel3izabecuter gel3izabecuter
  • 01-03-2017
  • Mathematics
contestada

How much would you have to invest into a 5-yr certificate of deposit paying 2.3% compounded weekly to make it worth $4500 at the end of the term?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-03-2017
P=4500/(1+0.023÷52)^(52×5)=4,011.25
Answer Link

Otras preguntas

explain how to find the degree of a polynomial
which outcomes are underage drinkers most likely to experience? check all that apply
You put $500 in your bank account. With an interest rate of 5%, how long will it take the account to reach $600?
How many hours of sleep do i get if i go to bed?
What two generalizations can be made about cells and life?
a list of 5 things that you learned about Europe
The table shows the number of days required to perform a given number of chores. The number of days varies directly with the number of chores. What is the const
ILL GIVE BRAINLIEST
Chernow describes how both politicians "stumbled into the two great sex scandals of the early Republic." What were the scandals? How did each individual respond
How do staphyllococci cause human disease review?