Mathematics, 02.01.2020 19:31 lea5261
Sergio has decided to diversify his investments in the following way:
$4,000 in an account earning 3.2% simple interest
$4,000 in a savings account earning 2.1% interest compounded annually
$7,500 in a certificate of deposit earning 5% interest compounded quarterly
how much total interest will sergio earn on his investments at the end of 4 years?
a.
$1,240.82
b.
$2,123.90
c.
$2,497.17
d.
$2,507.90
Answers: 1
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Sergio has decided to diversify his investments in the following way:
$4,000 in an account ea...
$4,000 in an account ea...
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