The manager of a money-market fund has invested $4.2 million in certificates of deposit that pay interest at the rate of 5.4% per year compounded quarterly over a period of 5 years. how much will the investment be worth at the end of 5 years?

549192.188 $

Step-by-step explanation:

Compounded interest is calculated each year based on the starting amount of that year.

To calculate compounded interest the following formula is used

where

A = Amount at the end of the year

P = 4,200,000    (Principal amount at the start)

r = 0.054     (rate of interest, i.e. 5.4%)

n = 4       (compounding frequency in an year, i.e. quarterly)

t = 5        (number of years)

The solution will thus be

A = 549192.188

135 is your answer

step-by-step explanation:

try 180 times three then divide that number by 4 (sides) to get your answer. im glad to : )

the data of the detroit pistons in numerical order from least to greatest is 0.30, 0.37, 0.55, 0.62, 0.69, 0.72, 0.73, 0.75, 0.77, 0.78, 0.80, 0.81, 0.81, 0.83, 0.84, 0.89

the data of the miami heat in numerical order from least to greatest is 0.50, 0.50, 0.56, 0.57, 0.67, 0.72, 0.72, 0.72, 0.75, 0.75, 0.76, 0.81, 0.82, 0.90, 1.00, 1.00

the detroit pistons median : 1.52

the miami heat median: 1.47

the iqr of this data is 0.05