Account Type

Opening Deposit

Rate$($APR$)$

APY

Checking $$ Variable Rate

$$0$

$0\mathrm{.}25\%$

$0\mathrm{.}25\%$

Money Market $$ Variable Rate

$$250\mathrm{.}00$

$1\mathrm{.}00\%$

$1\mathrm{.}01\%$

Summer Cash $-$ Variable Rate

$$0$

$0\mathrm{.}99\%$

$1\mathrm{.}00\%$

Holiday Cash $$ Variable Rate

$$0$

$0\mathrm{.}75\%$

$0\mathrm{.}75\%$

$6$ Months $$ Fixed Rate

$$250\mathrm{.}00$

$1\mathrm{.}00\%$

$1\mathrm{.}00\%$

$12$ Months $$ Fixed Rate

$$250\mathrm{.}00$

$1\mathrm{.}00\%$

$1\mathrm{.}00\%$

$18$ Months $$ Fixed Rate

$$250\mathrm{.}00$

$1\mathrm{.}00\%$

$1\mathrm{.}00\%$

$24$ Months $$ Fixed Rate

$$250\mathrm{.}00$

$1\mathrm{.}00\%$

$1\mathrm{.}00\%$

$30$ Months $$ Fixed Rate

$$250\mathrm{.}00$

$1\mathrm{.}00\%$

$1\mathrm{.}00\%$

$36$ Months $$ Fixed Rate

$$250\mathrm{.}00$

$1\mathrm{.}25\%$

$1\mathrm{.}25\%$

$48$ Months $$ Fixed Rate

$$250\mathrm{.}00$

$1\mathrm{.}50\%$

$1\mathrm{.}50\%$

$60$ Months $$ Fixed Rate

$$250\mathrm{.}00$

$1\mathrm{.}50\%$

$1\mathrm{.}50\%$

Above are interest rates at a local credit union. All rates are compounded monthly and you get a monthly statement in the mail. Answer the following questions based on the above interest rates:

You have $$700\mathrm{.}00$ to invest into a CD $($Share term certificate$).$ Look into opening a $12$ month, $18$ month, $24$ month, $30$ month, $36$ month, and $48$ month CD compounded monthly. What is the ending value of each investment and in each case how much is made off interest? $($Remember: t $-$ is always the number of years$)$