JRR134
Answered

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?
A.$3448.13
B.$3000.00
C.$3249.43
D.$3214.41

Answer :

Aliwohaish12
A=p (1+r/k)^kn
A=3,000×(1+0.04÷12)^(12×2)
A=3,249.43

Answer:

3249.43

Step-by-step explanation:

a p e x

Other Questions