A bank is paying 7 . 5 % APR on a CD . ( Note: The convention

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Question:

A bank is paying

7.5 %

APR on a CD

. (

Note: The convention when there are no periodic payments is to assume annual compounding, unless stated otherwise. Thus this is annual compounding.

)

If you put $

2194

into an account, how much will the account be worth in

4

years? Answer to

2

decimal places.

Posted Date: May 19, 2024 01:18 AM

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A bank is paying 7 . 5 % APR on a CD . ( Note: The convention

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