Question 5 How much total interest when the CD matures would you earn if you deposited $1,000 into a CD with a 4 year term with a 2.12% annual interest rate?  Group of answer choices $21.20 $32.76 $84.80 $96.75

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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Question 5
How much total interest when the CD matures would you earn if you deposited $1,000 into a CD with a 4 year term with a 2.12% annual interest rate? 
Group of answer choices
$21.20
$32.76
$84.80
$96.75
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