Question: Round your answer to the nearest cent. Celine earned some money doing odd jobs last summer and put it in a savings account that earns

Round your answer to the nearest cent.

Celine earned some money doing odd jobs last summer and put it in a savings account that earns 11% interest compounded quarterly. After 3 years, there is $800.00 in the account. How much did Celine earn doing odd jobs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1. Suppose you want to have $700,000 for retirement in 20 years. Your account earns 5% interest. a) How much would you need to deposit in the account each month? Round your answer to the nearest...

Eric earned some money doing odd jobs last summer and put it in a savings account that earns 3 interest compounded continuously Afte 1 year there is 200 00 in the account How much did Eric earn doing...

Ann earned some money doing odd jobs last summer and put it in a savings account that earns 8% interest compounded continuously. After 2 years, there is $100.00 in the account. How much did Ann earn...

Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities. Payments of $ 6 0 0 every 6 months for 7 years at a nominal rate of 1 2 % ,...

Eva earned some money doing odd jobs last summer and put it in a savings account that earns 3% interest compounded annually. After 10 years, there is $400.00 in the account. How much did Eva earn...

Isaiah earned some money doing odd jobs last summer and put it in a savings account that earns 14% interest compounded monthly. After 3 years, there is $100.00 in the account. How much did Isaiah...

Kendall earned some money doing odd jobs last summer and put it in a savings account that earns 5% interest compounded annually. After 9 years, there is $400.00 in the account. How much did Kendall...

An investment will pay $50 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. If other investments of equal risk earn 11%...

The interest of a compound interest investment or loan can be computed with the formula I=AP (where A is given below) . The end amount of a compound interest investment or loan can be computed with...

1. Find the interest rate on a loan charging $1292 simple interest on a principal of $4750 after 8 years. % 2. Find the term of a loan of $200 at 4.5% if the simple interest is $36. 3. Determine the...

How can retained earnings be said to be reinvested in a corporation?

General Hospital provides private healthcare and currently offers three operations: feet, shoulder and hip and the following data is available for them: Operations Patient Fee per operation Number of...

Which of the following best describes cost behavior? Question 70 options: The way costs fluctuate due to factors such as production volume and activity levels The consistent, unchanging nature of...

What is SQL DROP TABLE Statement??