Asked by Kinsey

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%

Answers

Answered by Ms. Sue
PRT = I

10,000 * 0.039 * 2 = ?
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