SOLUTION: on nia 6th birthday she gets a $3000 CD that earns 7% interest, compounded quarterly. If the CD matures on her 14th birthday, how much money will be available?
Algebra.Com
Question 947513: on nia 6th birthday she gets a $3000 CD that earns 7% interest, compounded quarterly. If the CD matures on her 14th birthday, how much money will be available?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=3000(1.0175)^(4*8)
FV=3000(1.382584)
FV=4147.75
RELATED QUESTIONS
On Melissas's 6th birthday, she gets a $3000 CD that earns 4% interest, compounded... (answered by solver91311)
On Melissas 6th birthday, she gets a $5000 CD that earns 5% interest, compounded... (answered by stanbon)
On Melissa's 6th birthday, she gets a $5000 CD that earns 4% interest,... (answered by greenestamps)
On Melissa's 6th birthday, she gets a $6000 CD that earns 6%intrest, compounded... (answered by stanbon)
on melissas 6th birthday she gets a $6000 CD that earsn 5% interest, compounded... (answered by checkley79)
On Melissa's 6th birthday, she gets a $500 CD that earns 5% interest,... (answered by Alan3354)
Don Fletcher has a $1,500 CD that earns 6% annual interest with the interest compounded... (answered by mananth)
Katrina wants to buy a CD for $1000 that earns 2.5% APR and is compounded quarterly. The... (answered by Theo)
ok using the formula A=P(1+r/n)^nt
how do I solve this word problem?
jacobs sixth bday (answered by ewatrrr)