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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which segment is the hypotenuse SL EL COSE L S E

Geometry
Q

Discuss the composition of bone and name 5 type Add reference

Medical Sciences
Q

A group of biochemistry researchers developed a new medication for treating depression. To assess if the...

Basic Math
Q

A parallel plate capacitor with square plates is filled with four dielectrics of dielectric constants...

Physics
Q

multiple answer options for part b concave up concave down Consider the function f x...

Algebra
Q

A bowl contains 10 red balls and 10 blue balls. A woman selects balls at...

Algebra
Q

Exercise 6-5 page 234 Managerial Accounting Fifth Edition Rey Company's single product sells at a...

Accounting
Q

On January 1, 2015, Thun Manufacturing leased a piece of machinery for use...

Accounting
Q

Joe Taxpayer is single and makes $140,000 annually from wages. He owns three properties that...

Accounting
Q

Clay LLC placed in service machinery and equipment (7-year property) with a basis of $2,330,000...

Accounting
Q

Culver original facility became obsolete by early 2023 because of the increased sales volume and...

Accounting
Q

Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more...

Accounting