+0  
 
0
226
1
avatar

You have $5500 to invest. The bank will pay you 0.45% per annum. If you place your money for 1 year 6 months in this CD, what do you expect to get back at the end of the period?

 Mar 28, 2019
 #1
avatar+6192 
+1

\(fv=5500(1+0.45)^{1.5} = \$5537.17\)

.
 Mar 28, 2019

12 Online Users

avatar
avatar