Mathematics, 05.04.2020 07:52 devinb18
4. Lori gets an offer from another bank that is also paying 3.5% on CD’s, but is compounding interest weekly. How much will the $1500 CD be worth in 15 years? After 33 months?
5. How much money can you have in an account that compounds semi-annually with a rate of 0.75% after 35 years? You initially invested $11,000.
6. How much time would it take to double an account if it grows at an interest rate of 2.5%?
7. How much money is there in an account that compounds annually with a rate of 1.85% after 50 years? You initially invested $16,400.
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4. Lori gets an offer from another bank that is also paying 3.5% on CD’s, but is compounding interes...
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