If you invest $600 in a six-month CD that pays interest at four percent compounded quarterly, how much interest will you receive when the CD matures in six months?

$12.06

Explanation:

The applicable formula is

A = P( 1 + r) ^ n

where A is the amount after 6 months

P= principal amount: $600

r=4% per year, or 0.04. interest per quarter = 0.04/ 4= 0.01

n = number of periods . 6 months has 2 quarters. n =2

A= $600(1+0.01)^2

A=$600(1.01)^2

A=$600 x 1.0201

A=$612.06

Interest = $612.06- $600

=$12.06

the answerr would be 1

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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