The following certificate of deposit (CD) was released from a particular bank. Find the compound amor amount of interest earned by the following deposit. $2000 at 1.45% compounded semianually for 3 years. The compound amount is $. (Do not round until the final answer. Then round to the nearest cent as needed.)
The following certificate of deposit (CD) was released from a particular bank. Find the compound amor amount of interest earned by the following deposit. $2000 at 1.45% compounded semianually for 3 years. The compound amount is $. (Do not round until the final answer. Then round to the nearest cent as needed.)
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.6AP
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