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

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01-02-2021
Mathematics

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

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Crops23 Crops23 · Answer 1 · 2021-02-01T16:48:40-05:00

Crops23 Crops23

01-02-2021

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.

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