Your Cd pays a return of 5.95 & Apr Compounded daily.  a) Find the Periodic Interest. b) Find the future value of the CD for an initial investment of 21,250 dollars for a term of 32 months.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Your Cd pays a return of 5.95 & Apr Compounded daily. 

a) Find the Periodic Interest.

b) Find the future value of the CD for an initial investment of 21,250 dollars for a term of 32 months.

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