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Allisa [31]
3 years ago
9

Oliver plans to purchase a $1500 certificate of deposit (cd) at his bank. The CD will earn 2.3% interest, compounded semi-annual

ly.​
Mathematics
1 answer:
vekshin13 years ago
3 0

Answer:

Step-by-step explanation:

Weren't there more instructions?  Please, share everything about each problem you post here.

Use the compound amount formula:  A = P(1 + r/n)^(nt).

Here we have

A = $1500(1 + 0.023/2)^(2t), where t is the number of years.

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