Assume a 30-month CD purchased for pays simple interest at an annual rate of 5.5%. How much total interest does it earn? What is the balance at maturity?

Question

Assume a 30-month CD purchased for  pays simple interest at an annual rate of 5.5%. How much total interest does it earn? What is the balance at maturity?

Ms. Sue · Answer

purchased for??????

Anonymous · Answer

Can anyone help with this still? Purchased for $3000.

Johne903 · Answer

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ogTpF4 Thank you ever so for you post. Awesome. · Answer

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