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NEED ANSWER ASAP Mr. Doable invested $3500 in a 7-year CD that pays 4.2% compounded annually. How much interest will the CD earn over the 7-years? A: $147.00 B: $245.00 C: $1,168.12 D: $4,668.12
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NEED ANSWER ASAP

Mr. Doable invested $3500 in a 7-year CD that pays 4.2% compounded annually. How much interest will the CD earn over the 7-years?

A: $147.00
B: $245.00
C: $1,168.12
D: $4,668.12

User Kristoffer Svanmark
by
7.8k points

1 Answer

4 votes
the answer is B $1168.12

User Tsuneo Yoshioka
by
8.1k points
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