$1000 was invested on April 18, 2011, in a certificate of deposit earning 7 7 per annum On its maturity date, the certificate paid $32 28 interest On what date did it mature ...

Term 041922 365 days 153 days S ...

$1000 was invested on April 18, 2011, in a certificate of deposit earning 7.7% per annum. On...

Question:

$1000 was invested on April 18, 2011, in a certificate of deposit earning 7.7% per annum. On its date, the certificate paid $32.28 interest. On what date did it mature? Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...