Solve the problem, using the table.Kevin buys a 1-year CD for $7500 that earns 7% interest compounded daily. He decides to keep the first year's interest in the account. How much is in the account at the end of the the second year?

A. $8043.76
B. $16,087.52
C. $8626.94
D. $543.76


Answer: C

Mathematics

You might also like to view...

Classify the statement as either true or false. Do not use a calculator. is between 9 and 10.

A. True B. False

Mathematics

Use the Pythagorean theorem to find the unknown side of the right triangle.

A.
B. 25
C. 5
D.

Mathematics

Solve the equation.x - 1 = - x

A. {-17} B. {-1} C. {1} D. {17}

Mathematics

Multiply.

A. 53,720 B. 62,720 C. 51,720 D. 52,720

Mathematics