Gordon invested $28,000 into a CD compounded quarterly with an annual interest
rate of 2.50%. Determine how much money Gordon would have after 8 years. Round
your answer to the nearest cent. Provide only a numerical answer (For example, if the
final amount came to $5,023.97, then you would input 5023.97).

Answers

Answer 1

Answer:

Gordon will have $ 34,178 after 8 years of investment.

Step-by-step explanation:

Given that Gordon invested $ 28,000 into a CD compounded quarterly with an annual interest rate of 2.50%, to determine how much money Gordon would have after 8 years, the following calculation must be performed:

28,000 x (1 + 0.025 / 4) ^ 8x4 = X

28,000 x (1 + 0.00625) ^ 32 = X

28,000 x 1.00625 ^ 32 = X

28,000 x 1,220 = X

34,177.997 = X

Therefore, Gordon will have $ 34,178 after 8 years of investment.

Answer 2

Gordon will have 3,417,799 cents in his account after 8 years

The formula for calculating the compounding amount is expressed as;

[tex]A =P(1+\frac{r}{n} )^{nt}[/tex] where:

P is the amount invested

r is the rate in decimal

t is the time taken

n is the compounding time

Given the following

P = $28,000

r = 2.50% = 0.025

t = 8 years

n = 4

Substitute the given parameters into the formula to have;

[tex]A =28,000(1+\frac{0.025}{4} )^{4(8)}\\A=28,000(1+0.00625)^{32}\\A=28,000(1.00625)^{32}\\A=28,000(1.2206)\\A=$34,177.99[/tex]

Hence Gordon will have 3,417,799 cents in his account after 8 years

Learn more about compound interest here: https://brainly.com/question/18456266


Related Questions

Hey guys I need help with this

Answers

Answer:

use the reverse Pythagorean therm BC= 4 DE= 4.8

Step-by-step explanation:

The square root of 5(squared) - 3(squared) = 4

the square root of 8(squared) - 6.4(squared) = 4.8

What are possible values for m and n? 3^m • 3^n = 3^-2
PLS HELPP THUS IS DUE IN LIKE A FEW MINS

Answers

It can be 7 or 8 because of the m

Rewrite without absolute value sign.
|x+12| if x>-11

Answers

|-11 + 12| = |-1|. Take away absolute value signs to get 1.

if the volume is 56 in the length is 4 in and the width is 7 in what is the height of the rectangular prism

Answers

Answer:

2

Step-by-step explanation:

lxwxh

7x4=28

56/28=2

sarah buys a pair of shoes for $25 plus 8% tax. Hilary buys a shirt for $30mplus an 8% tax. What is the difference in the amount sarah and hillary paid, including tax?

Answers

Answer:

5.4

sarah = 27

Hilary = 32.4

Step-by-step explanation:

25(.08)+25=27

30(.08)+30= 32.4

32.4-27=5.4

Identify the lateral area and surface area of a right cone with radius 7 cm and slant height 15 cm.

Answers

Answer:

lateral area is  329.7 and the surface area is 483.56

Step-by-step explanation:

Lateral area = [tex]\pi (7)(15) = 105\pi = 329.7\\[/tex]

Surface area = lateral area + base area

Base area= [tex]\pi r^{2}[/tex] = [tex]\pi (7)^{2}[/tex] = [tex]49\pi[/tex]

Surface area = 105[tex]\pi + 49\pi = 154\pi = 483.56[/tex]

bro I promise if someone reports this for no reason or send a malware link that i can scan ima hack u

Answers

Answer:

"hack you" lol answer is 22in

Step-by-step explanation:

the base of the pyramid is 100in^2

so the rest of the surface area is 440

formula for a triangle area is A=1/2bh

1 of the triangles is 110 440/4

110=1/2*10*h

110=5*h

h=22

Find the measure of < 1.

Answers

9514 1404 393

Answer:

  92°

Step-by-step explanation:

∠1 is an "alternate exterior angle" with the one marked 92°. Alternate exterior angles are congruent, so ...

  ∠1 = 92°

special right triangle desmo

Answers

9514 1404 393

Answer:

  x = 15√3

  y = 30

Step-by-step explanation:

In a 30°-60°-90° "special" triangle, the ratios of side lengths are ...

  1 : √3 : 2

Your diagram shows the short side is 15, so the other sides can be found by multiplying the above ratio numbers by 15.

  1 : √3 : 2 = 15 : x : y = 15 : 15√3 : 30

  x = 15√3

  y = 30

find the volume of this cylinder.

give your answer to 1 decimal place.

Answers

Answer:

≈5089.3801 (5089.4)

Step-by-step explanation:

the formula is πr^2 x h

so, V=πr2h=π·92·20≈5089.3801

Answer:

Step-by-step explanation:

6089.9

-2, 6, -18, 54. What is the 12th term

Answers

-2, 6, -18, 54

the pattern is: multiplying by (-3) after each term.

-2, 6, -18, 54, -162, 486, -1458, 4374, -13122, 39366, -118098, 354294.

Answer: 354294.

PLEASE HALP MAH! The dot plots below show the test scores of some mathematics students and some science students: Two dot plots are shown one below the other. The top and the bottom plots have the title Mathematics Students and Science Students respectively. Below the line for each dot plot is written Mark. The markings on each line are from 30 to 50 at intervals of 1. For the top plot there are two dots each for 34 and 40 and 1 dot each for 32, 33, 35, 37, and 39. For the bottom plot there are 2 dots each for 43, 46 and 49 and 1 dot each for 41, 42, and 47. Based on visual inspection of the dot plots, which group of students appears to have the larger average score? The mathematics students The science students Both groups are similar. Not enough information is available to draw a conclusion.

Answers

Answer:

d

Step-by-step explanation:

Answer: d not enough information is available to draw a conclusin

Step-by-step explanation:

The lowest point in a business cycle, which follows a period of economic
decline, is called a(n)
A. trough
B. contraction
C. peak
D. expansion

Answers

Your answer is b hope this helps

The lowest point in a business cycle, which follows a period of economic

decline, is called a trough. Therefore, option A is the correct answer.

What is a period of economic decline?

A prolonged period of weak or negative real GDP (output) growth that is accompanied by a noticeably higher unemployment rate is known as a recession. During a recession, a lot of other economic activity indices are similarly weak.

Trough: This refers to the stage of the business cycle when economic activity is at its lowest point.

Expansion: It denotes the period following a dip when overall demand rises. It leads to a rise in output and a decrease in unemployment.

In the business cycle, expansions and contractions alternate (also called recessions).

Recessions frequently begin at the business cycle's high, when an expansion comes to an end, and finish at its trough, when the following expansion starts.

Therefore, option A is the correct answer.

Learn more about a period of economic decline here:

https://brainly.com/question/4065260.

#SPJ5

The name for the expression 3/13 is:
radical
radicand
radical sign
index

Answers

Answer:

Radical.

Step-by-step explanation:

To explain;

3√13 is a radical.

The 3 in this expression is known as the index.

The 13 in this expression is known as the radicand.

The √ is considered the radical sign.

The given expression is the radical sign.

The given expression is [tex]3\sqrt{3}[/tex].

What is the square of the number indicates?

The √ symbol is used to denote square root or nth roots. Radical Expression - A radical expression is an expression containing a square root. Radicand - A number or expression inside the radical symbol.

Therefore, the given expression is the radical sign.

To learn more about the radicals visit:

https://brainly.com/question/12737007.

#SPJ2

Help plz ahhh plz pretty plz

Answers

Answer: 158 as area and perimeter 62

Step-by-step explanation:

PLEASE HELP! GIVING 20 POINTs

Answers

Answer:

Box A-10

Box B-15

Box C-20

i think

Answer:

Box A= x+5

Box B= x+5

Box C= x+5

Step-by-step explanation:

So i was literally over here trying to big brain this problem, literally stressing like "Oh my gosh why is this so difficult wth is going on rn?!" when all i had to do was find the equation(which has been sitting on my paper for the last 15 minutes) and plug it in.

-_-

Chile anyways so the equation to the problem is 3(x+5) =20. And all you have to do is split the (x+5) into three parts on the tape diagram and it would all equal 20.

Find the equation of a circle whose center is at (8, -3) and radius 6.

Answers

Answer:

[tex] { (x - 8)}^{2} + {(y + 3)}^{2} = 36[/tex]

Simple Random Sample of Size 25:
Chances are, since you are studying AP Statistics, you plan to earn at least a bachelor's degree from college. According to the U.S. Census Bureau, 29% of Americans age 25 years or older have already earned a bachelor's or more advanced degree. You decide to randomly select 58 adults over the age of 25 to ask if they have earned at least a bachelor's degree. Describe the sampling distribution of the proportion of respondents who have earned at least a bachelor's degree.

Answers

Answer:

By the Central Limit Theorem, it is approximately normal with mean 0.29 and standard deviation 0.0596

Step-by-step explanation:

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]

According to the U.S. Census Bureau, 29% of Americans age 25 years or older have already earned a bachelor's or more advanced degree.

This means that [tex]p = 0.29[/tex]

You decide to randomly select 58 adults over the age of 25 to ask if they have earned at least a bachelor's degree.

This means that [tex]n = 58[/tex]

Describe the sampling distribution of the proportion of respondents who have earned at least a bachelor's degree.

By the Central Limit Theorem, it is approximately normal with mean [tex]\mu = p = 0.29[/tex] and the standard deviation is [tex]s = \sqrt{\frac{p(1-p)}{n}} = \sqrt{\frac{0.29*0.71}{58}} = 0.0596[/tex]

An American football field is 20 yards longer than a soccer field. An American football field is 120 yards long. How long is a soccer field? Circle the correct answer.

Answers

Answer:

A soccer field is 100 Yards.

Step-by-step explanation:

120-100=100yds.

Samira is playing a game with the spinner shown.
What is the theoretical probability that the pointer will land in a section labeled with the letter J?

Answers

Answer:

2/10 or 1/5

Step-by-step explanation:

there are 10 equal 'slices'

then count those with a J

that would be 2

Please help meeeeeeeeeew

Answers

42 cubic feet .......

help :( math for 8th

Answers

Answer:

She should add 10x to both sides

Step-by-step explanation:

Answer:

Step-by-step explanation:

x² - 10x - 2 = 0   {Add 2 to both sides}

            +2 = +2

x² - 10x     = 2

Now to find what to add both sides, divide the co-efficient of x by 2

10/2 = 5

Add 5² to both sides

x² - 10x + 25 = 5²

(x - 5)² = 5²

Take square root both sides,

x - 5 = ± 5

x- 5 = 5   ;   x - 5 = -5

  x = 5+5 ;      x = -5 + 5

  x = 10    ;      x = 0

Ms, Garza opened an account with a deposit of $5,000. The account earned annual simple interest. She did not make any additional deposits or withdrawals. At the end of 4 years, the balance of the account was $6,500.
What is the annual interest rate on this account?

Answers

Your answer is going to 7.5%

The sum of two number is 12 and there product is 27 find the number,let the number be X and Y

Answers

Answer:

the answer is 3 and 9

Step-by-step explanation:

(x for 3 and y for 9)

3 + 9 = 12 and 3×9= 27

Math work please help!!!

Answers

Answer:

your answer is 62°

I hope it's helps you

Alternate exterior angles are congruent.
Which angle forms a pair of alternate
exterior angles with angle 1?

Answers

Answer:

Angle 8 forms a pair of alternate exterior angles with angle 1.

In the quadratic function y = ax^2 + bx + c, the ___________ affects the width of the parabola.

b
c
a
bx

Answers

Answer:

the answer is the a affects the width

Step-by-step explanation:

the answer is a not the choice A, the third one

(i hope this help)

Find the value of the trigonometric ratio. Make sure to simplify the fraction if needed.

Answers

Answer:

3/4

Step-by-step explanation:

Tan A = opp/adj

Tan A = 30/40

= 3/4

A linear function has an x-intercept of
-2 and a y-intercept of 6. Which of the
following is an equation of the linear
function?
PLEASEE IM DOING A TEST!!

Answers

Answer:

y = -1/3x + 6

Step-by-step explanation:

You have the formula y = mx + b

We can put in:

b=6

m=-2/6=-1/3

y=-1/3x+6

if a square has breath of 13 cm what would be the lenght and perimeter ?​

Answers

Answer:

The square will have length 13 cm only and it's perimeter will be:

4l

4×13cm

52cm

I hope it helps you

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