Acertificate of deposit earns 0.75% interest every three months. the interest is compounded. what is the value of a $25,000 investment after 8 years?

The value would be approximately $ 31,752.78

Step-by-step explanation:

Since, the amount in compound interest is,

Where, P is the principal amount,

t is the number of years,

n is the compounded periods,

r is the rate per period,

Here, P =  $ 25,000

t = 8 years,

n = 4 ( the periods of 3 month in a year is 4 )

r = 0.75 % = 0.0075

Hence, the value of the investment would be,

this is not the answer this is just a question. is this middle school math?

step-by-step explanation: