Fiona's parents invest $5,000 in a CD that earns 1.2% interest compounded annually. In 8 years, she decides to attend a local community college for two years that costs
approximately $5,400 total. Is there enough money available from the CD to pay for the
first two years of Fiona's college education?
F
Yes, the CD carns compound interest so the investment is more than double after
5 years.
G
No, the CD earns compound interest so the investment is charged a monthly fee
and loses money over 8 years.
Yes, the CD earns over $500 in interest over 8 years.
No, the CD earns $480 in interest over 8 years.
H
3