Find how much interest $25,000 earns in 2 years in a certificate of deposit paying 7.5% interest compounded quarterly

asked Oct 14, 2023 52.1k views

17 votes

Find how much interest $25,000 earns in 2 years in a certificate of deposit paying 7.5% interest compounded

quarterly

6.3k points

Please log in or register to add a comment.

13 votes

Explanation:

Answer: The interest earned on the $25,000 CD is $4005.54 or about 16.02%

6.4k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.9m questions

10.6m answers