Consider a CD paying a 5.7​% APR compounded monthly.

​(a) Find the periodic interest rate.

​(b) Find the future value of the CD if you invest ​$3000 for a term of five years.Question content area bottomPart 1​(a) The periodic interest rate is   enter your response here​%. ​(Round to three decimal places as​ needed.)

asked by guest
on Apr 22, 2025 at 11:06 am



MathBot Answer:

MathBot is working on a solution to your problem.

Loading bar