Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Allison invest $5000 in CD at an interest rate of 2%. What will her total be worth at the end of 3 years?

Sagot :

Answer:How much interest will I earn in a CD? It depends on the interest rate the bank offers and how long the CD's term is. Here's an example: $5,000 invested in a 3-year CD with a 0.80% APY would earn about $120 by the end of the term.

Step-by-step explanation:

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.