Mark bought a CD for $500 that earns 3.9% APR and is compounded quarterly. The CD matures in 3 years. How much will this CD be worth at maturity?

asked Nov 28, 2021 131k views

4 votes

Mark bought a CD for $500 that earns 3.9% APR and is compounded

quarterly. The CD matures in 3 years. How much will this CD be worth at
maturity?

4.2k points

Please log in or register to add a comment.

3 votes

Answer:561.74

Explanation:

Hamczu answered Nov 29, 2021

3.9k points

2 votes

Answer:

$561.74

Explanation:

Bryan Lewis answered Dec 4, 2021

4.0k points

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

4.7m questions

6.1m answers