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Carmen buys 153 shares of Cawh Consolidated Banks, each of which pays a constant yearly dividend of $7.14. After six years, how much has Carmen received in dividends?

Respuesta :

153 x 7.14 = 1092.42
so every year she gets $1092.42
so times that by 6 and the answer is $6554.52
JeanaShupp

Answer: $6554.52


Step-by-step explanation:

Total number of shares bought by Carmen =153

A constant yearly dividend paid by each share=$7.14

Thus, 153 shares pays yearly dividend =[tex]153\times7.14=\$1092.42[/tex]

After 6 years, total dividend received by Carmen=[tex]6\times1092.42=\$6,554.52[/tex]

Hence, The total dividend received by Carmen in 6 years = $6554.52


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