Calculate the amount at maturity for a $3,000
certificate of deposit with an interest period of
one year and an APR of 8.75% compounded
quarterly

$3,271.24

Step-by-step explanation:

-Given an APR of 8.75%(compounded quarterly), the annual effective rate is calculated as:

#Having determined the effective annual rate, we determine the maturity amount as:

Hence, the amount at maturity is $3,271.24

option: d is correct

step-by-step explanation:

let's solve your equation step-by-step.

4x+2=2x+12

step 1: subtract 2x from both sides.

4x+2−2x=2x+12−2x

2x+2=12

step 2: subtract 2 from both sides.

2x+2−2=12−2

2x=10

step 3: divide both sides by 2.

2x

2

=

10

2

x=5

step-by-step explanation: