Question: Find how much interest $ 1 5 , 0 0 0 earns in 2 years in a certificate of deposit paying 6 . 5 %

Find how much interest $15,000 earns in 2 years in a certificate of deposit paying 6.5% interest compounded quarterly.
The interest earned in 2 years is $.
(Do not round until the final answer. Then round to the nearest cent as needed.)
 Find how much interest $15,000 earns in 2 years in a

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!