Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. last year, melissa invested her money in two purch

Last year, Melissa invested her money in two purchases. She purchased a certificate of deposit...

90.2K

Verified Solution

Question

Basic Math

image

Last year, Melissa invested her money in two purchases. She purchased a certificate of deposit for $1000 that paid 2% interest per year and purchased $3000in corporate bonds paying 7% interest per year.Answer the questions below. Do not do any rounding.(a) What was the total interest earned at the end of 1 year?(b) What was the percent interest for her total investment?

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

Givens (Questions 1

Physics
Q

You are now a certified financial planner who has recently graduated from college. Your parents are...

Psychology
Q

QUESTION 33 Ron, the manager of a shipping company, introduces a set of communications, activities, and facilities...

General Management
Q

As a leader, how can you best utilize quality assurance and quality control to best improve your...

Advance Math
Q

E. coli is transmitted throughformitefecal-oralvectornone of these

Biology
Q

f percentage change in radius of a conductor is 2 keeping volume constant then percentage...

Physics
Q

7 Problem 2 Ideal gases are often studied at standard ambient temperature and pressure SATP...

Physics
Q

An air filled parallel plate capacitor has capacitance C When a dielectric medium of dielectric...

Physics
Q

help please Required information [The following information applies to...

Accounting
Q

1. A financial analyst calculates a Merrill-Lynch adjusted beta of 0.60. The sample or historic...

Accounting
Q

Keesha Co. toma prestados $200 000 en efectivo el 1 de noviembre del ao en...

Accounting
Q

QUESTION 1 CASE STUDY ANNUAL WORTH ANALYSISTHEN AND NOW Background and Information Mohamad, owner of...

Finance