Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. gracie bought a cd for $810 that earns a 2.9% apr

Gracie bought a CD for $810 that earns a 2.9% APR and is compounded quarterly....

80.2K

Verified Solution

Question

Finance

image
Gracie bought a CD for $810 that earns a 2.9% APR and is compounded quarterly. The CD matures in 5 years. How much will this CD be worth at maturity? O A. $883.35 O B. $935.90 O c. $909.25 O D. $963.34

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

What is the systematic name of [Os(NH3)2(en)2]Cl3, [Co(NH3)3(en)Cl]NO3, and (NH4)2[Fe(EDTA)]?

Chemistry
1.2K views

Consider the titration of 65 mL of 1.75 M diethylamine, (CH3CH2)2NH (Kb = 1.3×10-3) with 0.25...

Chemistry
1.2K views

Consider the titration of a 28.0-mL sample of 0.180 M CH3NH2 with 0.145 M HBr. (The...

Physics
1.2K views

Figure shows a solid metal sphere of radius a surrounded by a concentric thin metal...

Basic Math
1.2K views

Suppose that the growth rate of a tree is 0 514 feet per year What...

Algebra
1.2K views

Solve for x x 3 6 O 3 O 9 O 33 O 36

Accounting
1.2K views

C. Novernber saies are eapected is be s2,...

Accounting
1.2K views

Prestige Manufacturing Corporation reports the following Items In its statement of cash flows...

Accounting
1.2K views

Need assistance with MRP math. TRUS plans...

Accounting
1.2K views

QUESTION 6 Define the following terms a. Current assets b. Non current assets c. Current...

Accounting
1.2K views

You consider to purchase a property that currently on the market for $200,000 which will...

Accounting
1.2K views

New Energy Incorporated has a beginning inventory balance on January 1 of 19,000 units and...