Register

James put $1000 in a 2-year CD paying 7% interest, compounded monthly. After 2 years, he withdrew all his money. What was the amount of the withdrawal?  A. $1149.81 B. $1155.18 …

James put $1000 in a 2-year CD paying 7% interest, compounded monthly. After 2 years, he withdrew all his money. What was the amount of the withdrawal?  A. $1149.81 B. $1155.18 …
asked 229k views
1 vote
James put $1000 in a 2-year CD paying 7% interest, compounded monthly. After 2 years, he withdrew all his money. What was the amount of the withdrawal? 

  A.

$1149.81   B. $1155.18   C. $1000.00   D. $1556.18
asked
User Rugmangathan
by
8.8k points

2 Answers

1 vote

Answer:

$1149.81

Explanation:

APEX

answered
User Eduardo Escobar
by
8.2k points
5 votes
1149.81 is the answer
answered
User Gdm
by
8.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!