Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance (https://www.askmehelpdesk.com/forumdisplay.php?f=125)
-   -   Certificate of deposit (https://www.askmehelpdesk.com/showthread.php?t=312492)

  • Feb 3, 2009, 12:10 PM
    chilenita
    Certificate of deposit
    Question

    Suppose you have $2,000 and plan to purchase a 3-year certificate of deposit (CD) that pays 4% interest, compounded annually. How much will you have when the CD matures?

    Can someone help me do this step by step?
  • Feb 3, 2009, 12:27 PM
    JudyKayTee
    Quote:
    Originally Posted by chilenita View Post
    Question

    Suppose you have $2,000 and plan to purchase a 3-year certificate of deposit (CD) that pays 4% interest, compounded annually. How much will you have when the CD matures?

    Can someone help me do this step by step?


    Is this homework? There's a homework section where this belongs if it is.

    • All times are GMT -7. The time now is 10:59 PM.