Register

A bank offers a CD that pays a simple interest rate of 6.5​%. How much must you put in this CD now in order to have ​$3,000 for a​ home-entertainment center in 4 years

A bank offers a CD that pays a simple interest rate of 6.5​%. How much must you put in this CD now in order to have ​$3,000 for a​ home-entertainment center in 4 years
166k views
1 vote
A bank offers a CD that pays a simple interest rate of 6.5​%. How much must you put in this CD now in order to have ​$3,000 for a​ home-entertainment center in 4 years

User Arlinda
by
7.8k points

1 Answer

4 votes
3859.40= 1.065^4*3,000
User Munazza
by
8.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!