Business Math

Treasure Mountain International School in Park City, Utah, is a public middle school interested in raising money for next year's Sundance Film Festival. If the school raises $2,989 and invests it for 1 year at 3% interest compounded annually, what is the APY earned? Please help!

  1. 👍 0
  2. 👎 1
  3. 👁 885
  1. Assuming the investment is placed for exactly one year, then the future value is
    FV=Principal*(1+i)
    =2989(1+0.03)
    = $3078.67

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    The school band is comprised of middle school students and high school students, but it always has the same maximum capacity. Last year the ratio of the number of middle school students to the number of high school students was

  2. College Prep

    What is the main function of an official transcript in high school? a. to reflect high school graduation credits and requirements b.to monitor attendance and behavior c. to chart standardized test scores and class grades d. to

  3. English

    1. After school, I go to a taekwondo center to learn taekwondo. 2. After school, I go to a taekwondo studio to learn taekwondo. [Which noun do we have to use? Do you have some more expressions?] 3. After school, I go to an

  4. Stat

    Translate the following events into set notation using the symbols A and B, complement, union, intersection. Also give the probability of the event as determined from the table above. Fill in the table below with these values. {If

  1. 1 Credit for HS

    How to earn one credit for high school? Last year when the whole 6th grade visit our middle school (we have 2 middle schools in our district, my friends and other people are going to that middle school but since I'm not going to

  2. English

    1. My school begins at 8:30 a.m. like Bora's school. 2. Our school begins at 8:30 a.m. like Bors'a school. (Which one is correct? Are both OK, my school and our school?) 3. My school and Bora's school are the same as follows.

  3. Statistics

    A researcher is interested in whether students who attend private high schools have higher average SAT scores than students in the general population. A random sample of 90 students at a private high school is tested and has a

  4. math

    The Green County school system has 2,997 high school students, 3,831 middle school students, and 5,084 elementary school students. How many total students are in the Green County school system? is it 11912 ?

  1. School

    I need to answer questions about school,(the topic I chose) but I don't get how to list the school options into my answers. It says: For this assignment, research school options available to you. List the top 10 schools from these

  2. English

    Can you help me check this letter, please? 1) teach German in a high school with an emphasis on applied sciences. Our students are between 13 and 18 years old and are all motivated to learn. 2) They will therefore go to university

  3. Reading/ Writting

    Why should Anne Frank be taught in middle school instead of high school? I have that middle school would be better because they can relate to Anne due to age.

  4. constitution/essay

    Write your paper about a hypothetical proposal that is before the elected school board for the public schools in your city. The proposal stirs deep controversy in the community. Opponents claim that it would violate the

You can view more similar questions or ask a new question.