Asked by Valerie
If I put $5,000 in a CD for a miniumum of 3 years, the bank will offer 3.25% interest. How much interest will I earn after 6 years?
Answers
Answered by
Ms. Sue
You can figure it using this calculator.
http://www.moneychimp.com/calculator/compound_interest_calculator.htm
http://www.moneychimp.com/calculator/compound_interest_calculator.htm
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