Question 480748
if the interest is compounded monthly, then the CD will be worth 10,000 * (1+(.0126/12))^18 = 10,190.69631 dollars.
this assumes your annual interest rate is 1.26% which is equal to a rate of .0126 per year.
to get an equivalent rate per month, you divide .0126 by 12 to get .00105.
you then multiply 10,000 * (1 + .00105)^18 which becomes:
10,000 * (1.00105)^18 which becomes equal to 10,190.69631