Devin invested 750 in a cd
WebDevin invested $750 in a cd that pays 6% simple interest, calculated quarterly. How much money will Devin earn in 3 years? a. $125 b. $135 c. $75 d. $50. Simple Interest. … WebDevin invested $750 in a cd that pays 6% simple interest, calculated quarterly. how much money will devin earn in 3 years? a. $125 b. $135 c. $75 d. $50 2b2t
Devin invested 750 in a cd
Did you know?
WebFeb 10, 2011 · Math. Advanced Math. Advanced Math questions and answers. Devin invested money into a bank account. The table below is the value of Devin's investment over time. Year 2 10 11 14 16 19 Value ($) 11,000 25,000 29,400 43,800 56,200 76,900 a. WebAccounting questions and answers. Calculate the amount of interest earned on a $3,000 investment made for 2 years at 3% p.a.. Devin invested $8,000 at 3.00% per annum. Calculate the amount of interest earned for 6 months. Calculate the amount of money that was loaned at 8.00% per annum for 3 years if the simple interest charged was $816.00.
WebMar 14, 2024 · The average APY on a one-year CD was 1.49% as of March 20, 2024, according to the FDIC. Meanwhile, the average return on a five-year CD was 1.35%. In comparison, just a year ago in March 2024, the average APY for a one-year CD was a mere 0.15%, and a five-year CD was 0.29%. More: Will CD rates continue to rise in 2024? WebMay 13, 2024 · For example: If you invest $100 into a CD account with a locked in rate of 3.5% and a maturity date of three years, your investment will be worth roughly $110.87 in …
WebQuestion Jim invested $750 in a 3.year CD that earns 4.2% annual interest that is compounded continuously. How much will the CD be worth at the end of the 3-year … WebApr 7, 2024 · The table below is the value of Devin’s investment over time. I hav… Get the answers you need, now! case42cwvaderboi case42cwvaderboi ... High School answered • expert verified Devin invested money into a bank account. The table below is the value of Devin’s investment over time. I have attached a pic of the data chart please look at it. a.
WebFeb 22, 2024 · The worth of CD after 3 years will be $853.07 at the given rate of interest.. What is compound interest? Compound interest is applicable when there will be a change in the principle amount after the given time period.. For example, if you give anyone $500 at the rate of 10% annually then $500 is your principle amount.After 1 year the interest will …
WebJul 20, 2024 · Devin invested $750 in a CD that pays 6% simple interest, calculated quarterly. How much money will Devin earn in 3 years? data interpretation in research methodologyWebCalculate the future value of an investment in a certificate of deposit (CD). Optionally calculate the taxes you will need to pay on earned interest. Initial Investment Amount or … data interpretation in research exampleWebRocky, Oklahoma, USA. Died. November 24, 2000. (2000-11-24) (aged 85) Nationality. American. Bill Devin (November 13, 1915 – November 24, 2000) was an American … bitron forumWebJul 20, 2024 · Published in category Business, 30.09.2024 >> <<. Devin invested $750 in a CD that pays 6% simple interest, calculated quarterly. How much money will Devin earn in 3 years? Answer by Guest. 13500 dollars in three years. data interpretation is usually placed in theWebSimple Interest Formula. I = Prt. Where: P = Principal Amount. I = Interest Amount. r = Rate of Interest per year in decimal; r = R/100. R = Rate of Interest per year as a percent; R = r * 100. t = Time Periods involved. Notes: Base formula, written as I = Prt or I = P × r × t where rate r and time t should be in the same time units such as ... dataintro software slWebHow much will the CD be worth at the end of the 3 year term? Include the dollar sign in your answer, and round to the nearest cent. Provide your answer below: Question: Content attribution Question 29 Jim invested $750 in a 3-year CD that earns 4.2% annual interest that is compounded monthly. How much will the CD be worth at the end of the 3 ... data in the retail industryWebAug 4, 2024 · Devin invested $750 in a CD that pays 6% simple interest, calculated quarterly. How much money will Devin earn in 3 years? bitronics autoswitch