Anthony wants to buy a cd for $400 that earns 2.5% apr and is compounded
quarterly. the cd mat...
Mathematics, 07.01.2020 23:31 shauna94
Anthony wants to buy a cd for $400 that earns 2.5% apr and is compounded
quarterly. the cd matures in 3 years. he will be paid the interest he earns
each quarter. how much interest will anthony have earned on this cd after
the first quarter?
a. $10.00
b. $3.25
c. $1.25
d. $2.50
Answers: 2
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