Mathematics, 17.04.2021 01:00 heavendavis101
Suppose Ahmed and hit twin brother pool a portion of their summer earnings and invest $2000 in a four-year CD with a 2.8% APR compounded quarterly. Determine:
a. the number of n of compounding periods per year. n=
b. the number m of compounding periods for the CD. m=
c. the interest rate for each compounding period(not the rate alone). %
d. the value of the CD at maturity. F=
e. the amount of the CD allocated to earned interest. D
f. the APY. APY=
Answers: 3
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Suppose Ahmed and hit twin brother pool a portion of their summer earnings and invest $2000 in a fou...
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