SOLUTION: Ernesto invested $25,000 in a CD that paid 5% compounded annually for 6 years. what was the vaue of his investment at the end of the sixth year

SOLUTION: Ernesto invested $25,000 in a CD that paid 5% compounded annually for 6 years. what was the vaue of his investment at the end of the sixth year

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Question 326540: Ernesto invested $25,000 in a CD that paid 5% compounded annually for 6 years. what was the vaue of his investment at the end of the sixth year

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=25000(1+.05)^6
A=33,502.39
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