Doris put in $4000 in a 2-year CD paying 6% interest and being compounded monthly. What will her balance be after 2 years

Answers

Answer 1

Answer:

$4508.64

Explanation:

The formula for calculating future value:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding = 12

$4000 x (1 + 0.06 /12)^(2 x 12)

$4000 x 1.005^24

= $4,508.64

4508.64

Answer 2

Answer:

$4,261.93

Explanation:

It is the correct answer for the quiz. Full question by the way is "Doris put $4000 in a 5-year CD paying 6% interest compounded monthly. After 2 years, she withdrew all her money, and as an early withdrawal penalty, she paid back all interest she made during the first year. How much money was Doris left with?"


Related Questions

Sebastián compró 3 latas de pintura a 15.75 cada una marcada con un descuento del 20% cuánto pagó en total Sebastián en caja incluyendo el I.T.B.M.S

Answers

Answer:

37,8

Explanation:

Podemos hacer esto de dos formas.

Si compró 3 latas a 15,75, podemos encontrar el porcentaje de cada lata y luego multiplicar por 3. Como

20% * 15,75 =

20/100 * 15,75 = 3,15

15,75 - 3,15 = 12,6

Luego multiplicamos el 12,6 por 3.

12,6 * 3 = 37,8

De otra forma, podemos hacer la multiplicación primero. Como,

15,75 * 3 latas = 47,25

20% de 47,25 =

20/100 * 47,25 = 9,45

47,25 - 9,45 = 37,8

Entonces, en total, pagó 37,8

When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B Please select the best answer from the choices provided A B C D

Answers

Answer: A. Line!

Explanation: On Edge!!

Which of the following is the range for the numbers 44,47,49,53,55,62,63,63,68 and 74?


27

29

30

44

Answers

Answer:

30 is the range for the list

Other things constant, an increase in the real GDP of a country will _____
a. shift the demand for money curve leftward.
b. decrease the nominal interest rate.
c. increase the price level.
d. decrease the quantity of money demanded.
e. shift the demand for money curve rightward.

Answers

Answer:

e. shift the demand for money curve rightward.

Explanation:

Increases in the aggregate income level or the real GDP will increase the demand for money. An increase in the demand for money is represented by a rightward shift (outward) of the demand curve of money. IN other words, the more money people or businesses earn the more they will demand since spending levels increase.

Distinguish between 'value' and 'price'.​

Answers

Value represents the amount of money that you are willing to pay for anything. Price is the amount of money that you are asked to pay for it.

What ways can you improve a company?

Answers

1. Embrace transparency. Transparency isn't just positive for employees

2. Recognize and reward valuable contributions.

3.Cultivate strong coworker relationships

4. Embrace and inspire employee autonomy

5. Assist Your Team Members in Reaching Goals

After the death of Solomon,
a. Israel was destroyed by the Phoenicians.
b. the judges again ruled Israel.
c. his kingdom split in two: the northern kingdom of Israel and the southern kingdom of Judah.
d. the prophet Isaiah seized the throne.

Answers

Answer:

c

Explanation:

King Solomon reigned over Israel from the period c. 970–931 BCE. He took over the throne from his father David.

He is noted for his extraordinary wisdom

He wrote three books in the Bible. they include

ProverbsEcclesiatessongs of Solomon

After the death of King Solomon, his son, Rehobam took over as king of Israel. King Rehobam did not deal well with the Northern and Southern Israel. this led to the splitting of Israel into Judah and Israel

Which is considered part of a person’s income for the year?

Answers

Answer:

Gross income is everything that an individual earns during one year, both as a worker and as an investor. Earned income includes only wages, commissions, bonuses, and business income, minus expenses, if the person is self-employed.

Explanation:

If you could have $100 right now or $150 in one year, which would you choose and why?

Answers

$100 rn so I can invest it

Which of the following refers to the way that interest added to an account earns
interest itself?
APY
compound interest
APR
annuity

Answers

Answer:

APY is when interest is added to an account that is earning the money so I belive that is the answer

2.1.1 Laterpreting
What is polynomial.?​

Answers

Answer:

an expression of more than two algebraic terms, especially the sum of several terms that contain different powers of the same variable(s).

[tex] \huge \boxed{\mathfrak{Question} \downarrow}[/tex]

What are polynomials?

[tex] \huge \boxed{\mathfrak{Answer} \downarrow}[/tex]

Polynomials are often sum of terms that are usually in the form :-

[tex] \huge \sf \: a {x}^{2} + bx + c[/tex]

The powers in a polynomial are non-negative integer powers.Based on the number of terms in a polynomial, there are 3 types of polynomials. They are monomial, binomial and trinomial. Based on the degree of a polynomial, they can be categorized as zero or constant polynomials, linear polynomials, quadratic polynomials, and cubic polynomials.


It’s too early for this and I need some assistance

Answers

Answer:

A

Explanation:

Trevor's new mastercard credit card has an introductory 6 month 0% APR. His average daily balance for the first month was $2,350. What is his finance charge for the first month

Answers

Answer:

$0

Explanation:

Since Trevor's new credit card is offered with an introductory promotion of 0% APR for the first 6 months, that means that the bank or credit card company will not charge interest rates for the first 6 months. Since the interest rate is 0%, the finance charge for the first month is also 0, but it doesn't mean that Trevor will not pay anything though.  

(b Who is likely to pay lower taxes for the same level of income : A homeowner who pays $ 1,000 per month on a mortgage loan or a renter who pays $ 1,000 a month in rent ?

Answers

Answer:

The renter

Explanation:

The renter will not be taxed as the property in which he or she is staying is not his or her ownership. The government of most of the nations see the renter as a marginalized individual in relation to a home owner. The homeowner have to pay the taxes on the propriety, however, there will be deduction on such payments. Hence the renter will pay a lower tax.

The insurance pathway includes workers who deliver services that transfer risk from an individual or business to an insurance company to protect individuals and businesses from financial losses. Question 1 options: True False

Answers

Answer:

true

Explanation:

i took the 7.01 finance quiz and got it right.

Jillian is a high school student who typically earns $275 every two weeks 1 point at her part-time job. She is responsible for paying her own cell phone bill, gas when she drives her mom's car, and costs of going out with friends. She wants to set a low balance alert. What amount probably makes the most sense for Jillian?

A - $50

B - $ 5

C - $500

D- &5000

Answers

$500 makes the most sense for Jillian. C.$500

The amount that makes the most sense for a low balance alert is A. $50

Jillian earns around:

= 275 * 2

= $550 a month

Out of this $550, she will have to pay for:

her cellphone billgas when she drives her mother's car and cost of going out

Those costs in a month will definitely put in dent in her account by a couple of hundreds so it would be best if her low balance alert is $50 because if she sticks to her budgeted expenses, she should be above this amount monthly.

In conclusion, having a low balance alert of $50 makes the most sense for Jillian.

Find out more at  https://brainly.com/question/17866882.

Which ofthe following accounts are usually transferred to the Income Statement? *
1 point
a. Rent, premises, drawings
b. Drawings, rent, purchases
c. Commission received, rent, purchases
d.Purchases, furniture, commission received​

Answers

Answer:C

Explanation:It is C because to get your commission they need to transferred to your Income Statement and for rent they need to know that you can afford to live there.To purchase big stuff they gotta look at your income to buy it.

Write 3-5 sentences that explain what Demand is.
Why do you think it is important?

Answers

While an increased supply may satiate available demand at a set price, prices may fall if supply continues to grow. But if supply decreases, prices may increase. Supply and demand have an important relationship because together they determine the prices of most goods and services.

Influencer Technology is working to improve the level of quality and reduce the level of complaints in the services it provides to clients. Management hires a consultant who helps them test their accounting, inventory, training, sales, and marketing processes from top to bottom. Influencer is likely using the ________ process.

Answers

Answer:

Six Sigma

Explanation:

Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.

Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services. It allows only 3.4 defective features for every million opportunities and as such expects processes to be defect free 99.99966 percent of the time.

Generally, there are two (2) main methods of achieving the six sigma approach;

1. DMAIC: define, measure, analyze, improve and control. it is a data-driven improvement cycle used for improving processes and driving Six Sigma projects.

2. DMADV: define, measure, analyze, design and verify.

In conclusion, Six Sigma is used by various organizations or professionals to improve the level of quality of their products or services, as well as reducing to the barest minimum, the level of complaints in the services it provides to clients. Also, the Six Sigma approach to quality control avails businesses the ability to detect potential problems early, so as to prevent their occurrence.

Help me!
Give few examples of resources that are at the risk of depletion.​

Answers

Answer:

There are several types of resource depletion, the most known being: Aquifer depletion, deforestation, mining for fossil fuels and minerals, pollution or contamination of resources, slash-and-burn agricultural practices, Soil erosion, and overconsumption, excessive or unnecessary use of resources.

Aquifer depletion, deforestation, mining for fossil fuels and minerals, pollution or contamination of resources, slash-and-burn farming methods, soil erosion, and overconsumption, excessive or unneeded use of resources are some of the more well-known examples of resource depletion.

What natural resources are at risk of depletion?

Minerals, oil, water, and forests are the resources that are most at risk of being exhausted. The primary driver of deforestation is agriculture, and as food prices rise, more land is being destroyed for crops. Deforestation is a major cause of carbon dioxide emissions, which contribute to global warming.

As of now, there are more than 7 billion people living on Earth, which has resulted in a significant strain on the natural resources that our planet provides due to the ever-increasing demand for these resources. Resource depletion is the correct word to use when the pace of resource use exceeds the rate of resource replenishment. Resource depletion is not a particularly fancy or difficult phrase, but it has been the focus of much research for some time.

Learn more about natural resources here:

https://brainly.com/question/13954163

#SPJ2

Select the correct answer.
Which of the following is a good resource to help you find a job opening?
A.
Employment offices
B.
Online sources
C.
Family, friends, and other contacts
D.
All of the above

Answers

Answer:

D All of the above

Explanation:

You have been invited for an interview as a Reward manager for a large hospital. As part of the interview you are to make a brief presentation entitled ‘Total Reward Systems – how employees and employers’ benefit’. Outline and justify the main points that you would want to make. ​

Answers

Answer: When speaking during the program, I'll highlight that reward systems are encouragement systems which is beneficiary to both the employer and employee

Explanation:

Total reward system in organizations points to recognizing the efforts of staff, both those who do well and those who don't. It's a measure for analysing the performance of the workers and seek ways for them to improve.

When speaking during the program, I'll highlight that reward systems are encouragement systems which is beneficiary to both the employer and employee. How are they beneficial?

When workers are encouraged with rewards, it tends to boast their performance, thereby making them to improve on the existing method of working, this also serves as a pointer to those who didn't perform well to do better and be motivated, when all this are put in place the greatest beneficiary is the employers because the business grows.

There is an E. coli breakout on a cruise shio which leads to the cancellation of reservations on other cruise ships. What kind of risk is this to the owners of cruise ships? Why does this happen? please I need help asap​

Answers

Answer:

below

Explanation:

the cleaning process and the money that is going to be lost.if a cruse ship gets cancelled the money rate will go down

On March 1st Harry Landscaping services provided $2,500 of landscaping services to LoneStar College Kingwood (LSC-Kingwood). Harry received full payment from LSC Kingwood on March 15th for the landscaping services. What is the journal entry for Harry Landscaping on March 1st.

Answers

Answer: IT WOULD BECOME $2,515 because of the percentage that add.






I HOPE IT HELP

A law firm is an example of a

Corporation
Conglomerate
Partnership
Sole Proprietorship

Answers

Answer:

The answer to this question is the first option, Corporation.

Which of the following steps in the college application process should be done as a junior, rather than as a senior?

1. Obtain your final high school transcript.

2. Register for the PSAT.

3. Write the essay that will accompany your application.

4. Gather letters of recommendation from teachers and mentors.

15 points instead of 10.

Answers

Answer:

4. Gather letters of recommendation from teachers and mentors.

Explanation:

Answer:

2. Register for the PSAT.

Explanation:

I'm a Mug Maniac.

_____ is a career typically requiring a certificate from a vocational school program.

Actor
Lawyer
Sales clerk
Automotive mechanic

Answers

Automotive mechanic is a career typically requiring a certificate from a vocational school program.

What is payment by cash?
What is it used for?​

Answers

Answer:

payment by cash is when you pay for something by cash

Explanation:

Answer:

When you use cash instead of your card.

Explanation:

Lets say you are going to the shop, to buy something- You arrive at the till and realise that you have not got your card with you , but instead you have cash. So that is what payment by cash is

how to make decimal into scientific number?
i.g: 4.579×106​

Answers

Answer:

4.579e+6 or 4.579E+6

Explanation:

4.579 × 10⁶ [scientific notation] = 4.579e+6 / 4.579E+6 [scientific e notation].

a × 10ⁿ = ae+n or aE+n

Carlos needs to combine words in a First Name and a Last Name column. Which of the following functions should he use

Answers

Answer:

with space: =A2&" "&B2

without space: =CONCATENATE(A2,B2)

Explanation:

When using Microsoft Excel the function that you would want to use would be the following

=A2&" "&B2

In this function, you will be combining the text in cell A2 and B2 with a space in the middle, you can change to the cells that you want and simply add &" "& in between them to combine them with a space.

If you simply want to combine the words with no space in between them you can use the concantenate function which combines words in two cells into one but without space.

=CONCATENATE(A2,B2)

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