Mathematics, 25.04.2021 23:10 Lesquirrel

Nate wants to buy a CD for $7000 that earns 3% APR and is compounded quarterly for 5 years. He will be taxed on 20% of the interest that he earns. What is the total amount of interest Nate will earn, after taxes? A. $51.20
B. $40.96
C. $128.94
D.$161.18

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More questions: Mathematics Another questions

Nate wants to buy a CD for $7000 that earns 3% APR and is compounded quarterly for 5 years. He will be taxed on 20% of the interest that he earns. What is the total amount of interest Nate will earn, after taxes? A. $51.20 B. $40.96 C. $128.94 D.$161.18

Answers

Another question on Mathematics

Nate wants to buy a CD for $7000 that earns 3% APR and is compounded quarterly for 5 years. He will be taxed on 20% of the interest that he earns. What is the total amount of interest Nate will earn, after taxes? A. $51.20
B. $40.96
C. $128.94
D.$161.18