ccbanga ccbanga
  • 18-03-2019
  • Mathematics
contestada

invest $5000in a 1 year certificate of deposit that earns intrest at an annual rate of 4% compounded monthly. the amount per $1 is 1.040742. how much intrest will he earn at the end of one year?

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tramserran
tramserran tramserran
  • 18-03-2019

Answer:   $5,203.71

Step-by-step explanation:

1.040742

x            5 000

5203.710 000

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