Ask Question
16 December, 10:41

Emilee put $3000 in a 2-year CD paying 4% interest, compounded monthly. After 2 years, she withdrew all her money. What was the amount of the withdrawal?

A.$3448.13

B.$3000.00

C.$3249.43

D.$3214.41

+5
Answers (1)
  1. 16 December, 10:46
    0
    A=p (1+r/k) ^kn

    A=3,000 * (1+0.04:12) ^ (12*2)

    A=3,249.43
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Emilee put $3000 in a 2-year CD paying 4% interest, compounded monthly. After 2 years, she withdrew all her money. What was the amount of ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers