IDNLearn.com is designed to help you find reliable answers quickly and easily. Ask anything and receive comprehensive, well-informed responses from our dedicated team of experts.
9.
A certificate of deposit (CD) is savings instrument that many banks offer. It usually gives a higher interest rate,
but you cannot access your investment for a specified length of time. Suppose you deposit $3000 in a CD
paying 4% interest, compounded monthly. How much will you have in the account after 20 years? Round
8
your answer to the nearest cent.
P =
% =
_n=____t=__________years, A= Compound Interest =
-
Sagot :
We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.
