At the end of every 3 months, Judy deposits $100 into an account that pays 6% compounded quarterly. After 4 years, she puts the accumulated amount into a certificate of deposit paying 7.5% compounded semiannually for 1 year. When this certificate matures, how much will Judy have accumulated?
A) $1930.25
B) $1920.96
C) $2072.31
D) $1823.2

Question

13-06-2024
Business

Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

At the end of every 3 months, Judy deposits $100 into an account that pays 6% compounded quarterly. After 4 years, she puts the accumulated amount into a certificate of deposit paying 7.5% compounded semiannually for 1 year. When this certificate matures, how much will Judy have accumulated?
A) $1930.25
B) $1920.96
C) $2072.31
D) $1823.2

Sagot :

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.

An elevator can hold a maximum of 1,500 pounds. Eight people need to use the elevator. Bill had some measures from the data set of how much each person weighed.

How many total atoms are found in one molecule of H2O? A. 3 B. 4 C. 2 D. 1

What Christmas item was invented by London baker and wedding-cake specialist Tom Smith in 1847

Two thirds Of a number Is 3 1/2 ( three And a half) more than three eighths Of The number. Find The number.

pleasr help me 5u + 3v + 6u - v = ?

What does Martin Luther King "I Have a Dream" speech say about equality? Give evidence please....

The table shows the amount that each person spend on snacks, games, and souvenirs the las time they went to the carnival. Sinea- snacks $5/ games $8/ souvenirs

How many sheep are there if 9 sheep represent 15 percent of the total

Which of the following areas is of environmental concern to Europeans? a. the Mediterranean Sea c. the Danube River b. the North Sea d. all of the above

What is the role of RNA? a.to provide the original blueprint for protein production b.to move information from the ribosomes to the nucleus for protein synthesi

Sagot :

Other Questions