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31 May, 21:43

Emilee put $3000 in a 2-year CD paying 4% interest, compounded monthly. After 2 years, she withdrew all her money. What was the amount of the withdrawal?

A.$3448.13

B.$3000.00

C.$3249.43

D.$3214.41

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  1. 1 June, 00:31
    0
    A=p (1+r/k) ^kn

    A=3,000 * (1+0.04:12) ^ (12*2)

    A=3,249.43
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