Posted by **bria ** on Friday, July 6, 2012 at 8:41pm.

How much interest will you earn on $5,000 if you invest the money in a 5-year certificate of deposit earning 3% compounded quarterly. Round your answer to the nearest cent.

## Answer This Question

## Related Questions

- finance - You invest $1,000 in a certificate of deposit that matures after 10 ...
- Alegbra - A mother wants to invest $ 12,000.00 for her sons education. She ...
- finite math - Anthony invested a sum of money 6 yr ago in a savings account that...
- Interest - Jim opens a savings account with a deposit of $10,000. If the account...
- Math - Using the formula. I =Prt ,calculate the simple interest where t=1/n and ...
- algebra 2 - how much money will betty need, to the nearest cent, to invest in a ...
- math - Phillip opened a savings account with an annual interest rate of 8% and ...
- math - Jim wants to deposit money in an account to save for a new stereo system ...
- Math - Please check my work, thank you If $7,800 is deposited into an account ...
- FINANCE - You deposit $2,000 in an account that pays 8% interest compounded ...

More Related Questions