Stacy henry deposited $20,000 in a money market certificate that provides interest of 12% compounded quarterly if the amount is maintained for 2 years. how much will stacy henry have at the end of 2 years? (round factor values to 5 decimal places, e. g. 1.25124. round answers to the nearest whole dollar, e. g. 5,250.) using calculator

Total amount Stacy Henry will have after 2 years=$25,335

Explanation:

To calculate the compound interest, we cause the formula for calculating compound interest;

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

where;

A=future value of the investment

P=Principal amount invested

r=annual interest rate

n=number of times the interest is compounded per unit time

t=time the money is invested for

In our case we are given;

P=$20,000

r=12%=12/100=0.12

n=every three months a year=12/3=4

t=2 years

replacing in the formula above;

A=20,000(1+0.12/4)^(4×2)

A=20,000(1+0.03)^8

A=20,000×1.26677

A=25,335

Total amount Stacy Henry will have after 2 years=$25,335

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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