Mr. Perez invested $3,500 in a 7-year CD that pays 4.2% interest compounded annually. How much interest will the CD earn over the 7 years? *

A = $4,668.3

Interest = $1,168.3

Explanation:

A = P(1 + r/n)^nt

Where,

A = future value

P = principal = $3,500

r = interest rate = 4.2% = 0.042

n = number of periods = 1

t = time = 7 years

A = P(1 + r/n)^nt

= 3,500(1 + 0.042/1)^1*7

= 3500(1 + 0.042)^7

= 3500(1.042)^7

= 3500(1.3338)

= 4668.3

A = $4,668.3

A = Principal + Interest

4,668.3 = 3,500 + I

4,668.3 - 3,500 = I

Interest = 1,168.3

Interest = $1,168.3

the answer that best explains what happened to george washington at fort necessity, pennsylvania is : washington was attacked by the french but was able to negotiate with them to peacefully end fighting. the battle took place on july 3, 1754. the battle is considered as being the start of the french and indian war.

answer: the risk-return relationship. generally, the higher the potential return of an investment, the higher the risk. there is no guarantee that you will actually get a higher return by accepting more risk. diversification enables you to reduce the risk of your portfolio without sacrificing potential returns.

explanation: