We use cookies to personalise content and advertisements and to analyse access to our website. Furthermore, our partners for online advertising receive pseudonymised information about your use of our website. cookie policy and privacy policy.
 
+0  
 
0
35
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+4775 
+1

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

.
 Mar 28, 2019

10 Online Users