Answered

IDNLearn.com offers a reliable platform for finding accurate and timely answers. Our Q&A platform offers reliable and thorough answers to ensure you have the information you need to succeed in any situation.

PLEASE HELPPPPP
Ethan puts $1200 into a Certificate of Deposit (CD) account that earns 2.1% interest each year. What will be the interest of the CD account earned after 5 years? Round to the nearest cent (hundredths place).

Sagot :

Answer:

126

Step-by-step explanation:

1200x.021=25.20 interest per year

25.20 x 5 years = 126

assumes no compounding

We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for choosing IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more solutions.