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Cristiana uses $25,000 to purchase a 25 month CD that pays 2.47% compounded monthly. A. What is her investment worth at the end of 25 months? B. How much interest did she earn? Here are the formulas we have used. I=Prt A=P(1+rt)

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Cristiana uses

$25,000 to purchase a 25 month CD that pays 2.47% compounded monthly.

A. What is her investment worth at the end of 25 months?

B.  How much interest did she earn?

Here are the formulas we have used.

I=Prt

A=P(1+rt)

 
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