Question
Suppose you buy a two-year CD for $10,000 from First Command Bank.
The interest earned at maturity is $______.
Use the APY (Annual Percentage Yield) from Table 4.1.
The Table says APY for this is 3.9%
The interest earned at maturity is $______.
Use the APY (Annual Percentage Yield) from Table 4.1.
The Table says APY for this is 3.9%
Answers
Ms. Sue
PRT = I
10,000 * 0.039 * 2 = ?
10,000 * 0.039 * 2 = ?