SOLUTION: Steve has $4,000 to invest for a period of 2 years to buy a boat after the two years. His bank is offering a 2 year CD at 4.5% compounded quarterly. What would the value of his inv
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Question 747362: Steve has $4,000 to invest for a period of 2 years to buy a boat after the two years. His bank is offering a 2 year CD at 4.5% compounded quarterly. What would the value of his investment be after the 2 years?
Just set me up with a proper formula and I can get it from there, thankyou Answer by MathTherapy(10552) (Show Source):
You can put this solution on YOUR website! Steve has $4,000 to invest for a period of 2 years to buy a boat after the two years. His bank is offering a 2 year CD at 4.5% compounded quarterly. What would the value of his investment be after the 2 years?
Just set me up with a proper formula and I can get it from there, thankyou
