kyle has $900 in cash received for high school graduation gifts from various relatives. he wants to invest it in a certificate of deposit (cd) so that he will have a down payment on a car when he graduates from college in five years. his bank will pay 4% per year, compounded annually, for the five-year cd. how much will kyle have in five years to put down on his car? in five years, the amount kyle will have to put down in his car is $__

Given that Kyle has received 900$ in cash as a gift and Kyle wants to invest that money in CD with 4% compound interest which is being compounded annually.

That means interest rate = 4% = in decimals.

Since interest is compounded annually, we have to use compound interest formula.

That is amount after time t is

Where P- initial amount = 900

           r= rate of interest in decimals = 0.04

           n= number of times interest is compounded per year = 1

           t= number of years the money is invested = 5

Hence A =

                                                                     = $1094.9876

So, at the end of five year period, Kyle will have 1094.9876$ to put down in his car.

points are handed out whenever you post answers.

brainliest answers are handed out by the person asking the question, so whether your answer is picked depends entirely on whether the asker bothers to pick

if you're asking about your rank, it depends on having a certain number of points and a certain number of brainliest answers. for example, at the time of this writing, i have 44338 points out of 15000 needed for the next (nearly triple the requirement! ) but i only have 24 out of 50 required brainliest answers. this number decays, meaning after a certain amount of time (i think about a month), the total number of brainliest answers you've earned doesn't count toward this total. (i've been stuck at the same rank for a long

the lesson to learn here is that you shouldn't worry about points or rank. chances are, no matter how good an answer you may provide, your efforts will go mostly unnoticed unless you focus on the newest/most active questions that get posted.

1 is c

2 is a

3 is a

step-by-step explanation: