kyle has $800 in cash received for high school graduation gifts from various relatives. he wants to invest it in a certificate o

Question

3 years ago

15

kyle has $800 in cash received for high school graduation gifts from various relatives. he wants to invest it in a certificate o

f deposit (CD) so that he will have a down payment on a car when he graduates from college in five years. his bank will pay 3.1% per year, compounded annually, for the five year CD. how much will kyle have in five years to put down on his car?

Mathematics

1 answer:

Elanso [62] · Answer 1 · 2021-12-15T17:49:30+03:00

Elanso [62]3 years ago

5 0

Answer:

I am not sure but I think the answer is 124.