Q&A

1) Cynthia invested $12,000 in a savings account. If the interest rate is 6%, how much will be in the

1) Cynthia invested $12,000 in a savings account. If the interest rate is 6%, how much will be in the account in 10 years by each method of compounding? a) quarterly b) monthly c) continuously
2) Naherzy deposits $8,000 in a certificate of deposit. The annual rate is 6% and the interest will be compounded quarterly. How much will the certificate be worth in 10 years?
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