Suppose maurice buys a cd for $400 that earns 2.5%apr is compound monthly . the cd matures in 3 years . how much will maurice’s cd be worth at maturity

$431.11

Step-by-step explanation:

To find how much the CD of Maurice will be after 3 years, we need to use the formula:

Now let's find all of our available variables.

P = $400

r = 2.5% or 0.025

t = 3 years

n = 12 months (Compounds monthly)

Now we can use the formula by substituting our values.

The CD of Maurice will be $431.11 after 3 years.

the volume is the product of the area of the base, 3x(3x+4), and the height, 3x-1

step-by-step explanation: