SOLUTION: I have certificate of deposit set up with a 1.25% APY for the $5000 I put in. How much money will I accumulate after the year period is up

Question 994438: I have certificate of deposit set up with a 1.25% APY for the $5000 I put in. How much money will I accumulate after the year period is up
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
I have certificate of deposit set up with a 1.25% APY for the $5000 I put in. How much money will I accumulate after the year period is up
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Interest = P*r*t
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I = 5000*0.0125*1
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I = $62.50
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Cheers,
Stan H.
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