Author Question: Find the future value of a CD paying a 4.15% APR compounded daily if you invest $3800 for a term of ... (Read 121 times)

sheilaspns · **on:** May 5, 2020

Question 1

Find the future value of a CD paying a 3.8% APR compounded monthly if you invest $5000 for a term of six years. Round your answer to the nearest cent.
◦ $6278.16
◦ $6253.95
◦ $6273.67
◦ $6804.32
◦ $5984.74

Question 2

Find the future value of a CD paying a 4.15% APR compounded daily if you invest $3800 for a term of three years. Round your answer to the nearest cent.
◦ $4301.05
◦ $4303.78
◦ $4302.89
◦ $4316.71
◦ $4298.33

pratush dev · **Reply #1 on:** May 5, 2020

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