Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kira received a $1900 bonus. she decided to invest

Kira received a $1900 bonus. She decided to invest it in a 3-year certificate of...

90.2K

Verified Solution

Question

Accounting

Kira received a $1900 bonus. She decided to invest it in a 3-year certificate of deposit (CD) with an annual interest rate of 1.28% compounded daily. Answer the question below. Do not round any intermediate computations, and round your final answers to the nearest cent. Assume there are 365 days in each year.
Assuming no withdrawals are made, how much money is in Kira's account after 3 years?
How much interest is earned on Kira's investment after 3 years?
image

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

of the following would be suffici type frequencies from allele frequ ation is not evolving...

Biology
Q

What is the unit of measure for the final cheese product weight Grams b Millilitres...

Biology
Q

Question 23 Consider the equation 2 10x 24 0 A First use the completing the...

Basic Math
Q

The lifetime of a certain brand of electric light bulb is known to have a...

Statistics
Q

Ann is 17 years old and is claimed as a dependent by her parents. She...

Accounting
Q

The City of Evansville operated a summer camp program for at-risk youth. Businesses and nonprofit...

Accounting
Q

Question 6(1 point) For CVP analysis calculations, which of the following statements is correct?...

Accounting
Q

On May 28, 2021, Pesky Corporation acquired all of the outstanding common stock of Harman,...

Accounting
Q

Accounting 1AM. Baker - V1Accounting Equation and Debit/Credit Rules Complete the Accounting Equation...

Accounting
Q

Prepare a horizontal analysis of the accounts below in both dollar amounts and percentages. Show...

Accounting
Q

5. Suppose the risk-free rate is 5% and the market risk premium is 5%. Draw...

Finance
Q

Which of the following policies enhances control over check receipts? When a check is received...

Accounting