Emilee put 3000 in a 2 year cd paying 4% interest, compounded monthly. after 2 years, she withdrew all her money. what was the amount of the withdrawal?

3249.43

Step-by-step explanation:

The monthly compound interest can be determined from the following formula:

Where A is the final amount after interest, P is the intital amount invested, r is the interest rate, n is number of times interest is compounded per year, and t is the time in years.

We need to express rate as abn equivalent decimal number:

∴

a: inscribed angles

step-by-step explanation:

i reviewed this question with a peer and teacher, seems to be correct, me later