6. Shayla Montega invests $28,000 in a certificate of deposit
for 4 years. The certificate ear...
Mathematics, 27.02.2020 23:55 ricky9070
6. Shayla Montega invests $28,000 in a certificate of deposit
for 4 years. The certificate earns interest at an annual rate
of 4.50% compounded quarterly
a. What is the amount after 4 years?
b. What is the interest earned?
c. What is the amount after 1 year?
d. What is the interest earned?
e. What is the annual percentage yield to the nearest
thousandth of a percent?
Answers: 1
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