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tammy smith deposits $5,000 in First Internet Bank's 5-year CD, which pays 5.22% compounded monthly.How much will she have in the account at the end of 5 Years? How much interest did she earn?
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tammy smith deposits $5,000 in First Internet Bank's 5-year CD, which pays 5.22% compounded monthly.How much will she have in the account at the end of 5 Years? How much interest did she earn?

User Neitsa
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3.6k points

1 Answer

2 votes

Answer: a) $ 6,487.47

b) $ 1,487.47

Explanation:

User Chris U
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