Damons father started a college fund on Damons 8th birthday. He deposited $7500 into a certificate of deposit that yields an int

Question

3 years ago

7

erest rate of 0.23% compounded annually. How much money will the certificate of deposit be worth when Damon turns 18 years old ?

1 answer:

motikmotik · Answer 1 · 2022-09-26T19:37:54+03:00

motikmotik3 years ago

6 0

7500 with a interest of 0.23 for 10 years is 172.50 extra now if the intrest rate change ever year this answer isn't valid