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
Algebra ->
Finance
-> 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
Log On
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
-----
Interest = P*r*t
-----
I = 5000*0.0125*1
-----
I = $62.50
-----
Cheers,
Stan H.
-------
(