Cristiana uses 25000 to purchase a 25 month cd certificate


Question: Cristiana uses $25,000 to purchase a 25 month CD (certificate of deposit) that pays 2.47% compounded monthly.

a. What is her investment worth at the end of 25 months?

b. How much interest did she earn?

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Finance Basics: Cristiana uses 25000 to purchase a 25 month cd certificate
Reference No:- TGS02758793

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