Channel: ChaCha - Technology Questions

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Suppose you buy a CD for $500 that earns 2.5% APR and is compounded quarterly. The CD matures in 3 years. How much will this CD be worth at maturity? A. $512.64 B. $504.18 C. $512.62 D. $538.82?

April 10, 2014, 8:04 am

≫ Next: Rebecca's $5000 CD is nearing its maturity and will have a maturity value of $6101.89. The renewal rate for her CD will be at a historic low and will lock up her money for another 5 years. Which option should Rebecca choose for her CD? A. Termination B. Withdrawal C. Automatic renewal D. Reinvestment?

≪ Previous: Malcolm paid an average of $36 for three ties. The first tie cost $24, and the second tie cost $28. What was the price of the third tie??

Your answer would be D 539.82

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