anonymous
  • anonymous
medal! Can someone help me with a math question .-. im halfway finishedi have one problem left and i dont understand it @_@
Mathematics
chestercat
  • chestercat
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anonymous
  • anonymous
What do you need help with?
anonymous
  • anonymous
ok so its like a project, but i got everything in the beginning or at least i think i got everything
anonymous
  • anonymous
You and some friends have started your own company. After the first few months, the profits are rolling in. It is time to start thinking about putting your money to work for you. You decide that investing $5,000 into some Certificates of Deposit (CDs) would be a beneficial move. With a CD, you lend your money to a third party, and after a set time, your money is paid back with interest. Before you start investing the company's money this way, you need to pitch it to your friends. For this project, you can develop a written report, a slideshow, a video, or any other platform as long as it fully addresses the criteria listed below. Research the highest interest rate (APY—annual percent yield) for 2-year and 5-year CDs. Document the company's name, interest rate, and minimum investment. The minimum investment must be less than or equal to $5,000.

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anonymous
  • anonymous
1. is the part that says "Research the highest interest rate (APY—annual percent yield) for 2-year and 5-year CDs. Document the company's name, interest rate, and minimum investment. The minimum investment must be less than or equal to $5,000. "
anonymous
  • anonymous
This is from FLVS, correct?
anonymous
  • anonymous
i found a bank, Synchrony Bank, i got their highest interest APY for 2 year CD is 1.45% with minimum deposit of 2000 dollars
anonymous
  • anonymous
yesss flvs .-. the struggle
anonymous
  • anonymous
and their highest APY for 5 year CD is 2.25% with niminum deposit of 2000 dollars.
anonymous
  • anonymous
2. Create the functions that represent the 2-year and 5-year CDs with your $5,000 investment. Use these functions to determine the amount you will be paid when the CD matures (the length of time for the specific CD). Show your work. 2year CD: f(x) = 2000(1.45)x 5year CD: (x) = 2000(2.25)x i got that too ^^
anonymous
  • anonymous
The pain and struggle is real, my friend cx I'm currently doing FLVS myself too, almost done. Alright, if I'm correct there is a live lesson on this one. I'm pretty sure that's what I did because it confused me too.
anonymous
  • anonymous
ughhhhhh i hatethis
anonymous
  • anonymous
thanks though
anonymous
  • anonymous
I'm sorry I wasn't more help :c Good luck!
anonymous
  • anonymous
thanks lol
anonymous
  • anonymous
No problem ^.^

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