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Tammy smith deposits $5,000 in First Internet Bank's 5-year CD, which pays 5.22% compounded monthly.How much will she have in the account at the end of 5 Years? How much in…

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asked Feb 20, 2023 219k views

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tammy smith deposits $5,000 in First Internet Bank's 5-year CD, which pays 5.22% compounded monthly.How much will she have in the account at the end of 5 Years? How much interest did she earn?

Mathematics
college

Neitsa asked

by Neitsa

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Answer: a) $ 6,487.47

b) $ 1,487.47

Explanation:

Chris U answered Feb 26, 2023

by Chris U

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Tammy smith deposits $5,000 in First Internet Bank's 5-year CD, which pays 5.22% compounded monthly.How much will she have in the account at the end of 5 Years? How much in…

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