You've put $1500 into a 5-year CD (Certificate of Deposit) that earns 2.7% (APR) compounded monthly. How much would you have at the end of the 5 years? Write out the equation along with your answer.

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asked Nov 19, 2022 93.5k views

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You've put $1500 into a 5-year CD (Certificate of Deposit) that earns 2.7% (APR) compounded monthly. How much would you have at the end of the 5 years? Write out the equation along with your answer.

Mathematics
high-school

Droider asked

by Droider

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1 Answer

13 votes

Answer:

$202 Dollars

Explanation:

compounded interest

Amit Bhatiya answered Nov 24, 2022

by Amit Bhatiya

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