Suppose that 25400 is invested in a certificate of a deposit for 3 years at 6% annual interest to be

Discussion in 'Calculator Requests' started by math_celebrity, Nov 21, 2018.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    Suppose that 25400 is invested in a certificate of a deposit for 3 years at 6% annual interest to be compounded semi annually how much interest will this investment earn?

    3 years, compounded semi-annually, gives us 3 x 2 = 6 periods.

    Using our balance with interest calculator, we get $30,328.93
     
    math_celebrity, Nov 21, 2018
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