Franco wants to have $750,000 when he retires in a year. If he currently has
$700,000 to put in a 1-year CD, which of these APRs and compounding
periods will allow him to reach his goal?
A. An APR of 6.91% compounded monthly
B. An APR of 6.98% compounded quarterly
C. An APR of 6.89% compounded daily
D. An APR of 6.99% compounded semiannually
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Franco wants to have $750,000 when he retires in a year. If he currently has $700,000 to put in a 1-year CD, which of these APRs and ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What adds up to 4 but multipys to - 5
Answers (1)
You roll a six sided die. What is the probability of rolling a prime number or a number greater than 3. A. 2/3 B. 1/3 C. 1/2 D. 5/6 E. 1
Answers (2)
Math Scores Number of Students 10 20 30 40 50 60 70 80 90 100 Score The graph shows the number of students who earned a score in math. The BEST estimate of the range is
Answers (1)
Simplify 2 x2 - y for x = 3 and y = - 2.
Answers (1)
What is the greatest common factor of 8x and 40y? 5 5xy 320 320xy
Answers (2)
New Questions in Mathematics
Consider the sum of 3/5 + 3/4. round each fraction and estimate the sum. add the two fractions using a common denominator and then round the result. which estimate is closer to the actual answer.
Answers (1)
A restaurant can seat 100 people it has booth that seat four people and tables that seat six people so far five of the booth are full. what expression matches the situation
Answers (1)
Solve - 7 = √ 2x - 9.
Answers (2)
What is 5/7*w=40 1/2
Answers (1)
sierra is supposed to practice flute for a total of 5 1/4 hours every week. this week, she practiced 15 minutes on sunday, 1 hour on monday, 30 minutes on tuesday, 45 minutes on wensday, 15 minutes on tursday, and 45 minutes on friday.
Answers (1)