If you invested $2500 in a bank 24-month certificate of deposit paying 8.65%, compounded monthly, what is

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If you invested $2500 in a bank 24-month certificate of deposit paying 8.65%, compounded monthly, what is the future worth of the certificate of deposit when it matures in 2 years?

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Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

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Question Posted: Feb 25, 2010 05:09 AM

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If you invested $2500 in a bank 24-month certificate of deposit paying 8.65%, compounded monthly, what is

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