Lori buys a $400 certificate deposit that earns 1.8% interest compounded monthly how much will a cd be worth in six years

$1445.11

Step-by-step explanation:

The formula to use would be:

Where

F is the future amount (what we want to find)

P is the present (principal) amount (this is 400)

r is the rate of interest, monthly (1.8% or 0.018)

t is the time in months (6 years = 6 * 12 = 72)

Now substituting, we get:

After 6 years, the CD will be worth $1445.11

hey there!

if she's saving for six months, let's divide the total number we need for the trip by six, dividing it into the amount that needs to be saved for each month.

500 ÷ 6 =

she needs to save at least this amount each month, so we should use this symbol: ≥

let x be the amount she saves each month.

your final answer is x ≥

hope this !

351°f

step-by-step explanation: