Mathematics
Mathematics, 23.10.2019 08:50, KekePonds1021

If i invest $4,000 for one year in a cd that earns interest at a rate of 4% compounded monthly what is the interest earned during the year

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Mathematics, 21.06.2019 16:30, kayleefaithblair
Scott harris can invest $7,000 in a 1-year cd that earns interest at an annual rate of 4 percent compounded monthly. the amount per $1.00 is 1.040742. he can also invest $7,000 in a 1-year cd at annual rate of 4 percent compounded quarterly. the amount per $1.00 is 1.040604. what is the difference in the amount of interest earned for each investment? a) $0.96 b) $0.81 c) $0.87 d) $0.88
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Business, 07.07.2019 13:30, jt121717
Savanna smiles invested $5,000 for one year in a cd that earns interest at a rate of 3.5% compounded monthly. what is the interest earned during the year? (hint: use the appropriate formulas and round at the end.) a. $198.70 b. $145.92 c. $177.83 d. $162.97
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