The cost of a cd after 6 year is =$ 15.12
Step-by-step explanation:
The present cost of the cd is $11.95 and inflation rate 4%
P = $11.95 , r = 4% and n = 6 years
The cost of a cd after 6 year is =
=$
=$ 15.12
Answer: D 87%
Step-by-step explanation:
Ap-ex