Bank SI's CD is sold for $67,000 and will be matured in 15 years with a face value of $100,000. What is the return of this investment?
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2.71% |
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4.08% |
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5.06% |
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3.40% |
Bank SI's CD is sold for $67,000 and will be matured in 15 years with a...
Future value (with changing years). Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $7,500 for his CD investment. If the bank is offering a 4.5% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. two-year investment period? b. six-year investment period? c. ten-year investment period? d. fifteen-year investment period? a. How much will the $7,500 CD investment at 4.5% interest rate...
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