2. The interest on $6,000 at 6 percent compounded semiannually for 8 years is: (Use table in the handbook) (Points : 1)

2 answers

Use the table in your handbook.
Mark bought a CD for $500 that earns 3.9% APR and is compounded quarterly. The CD matures in 3 years. How much will this CD be worth at maturity?