# Math Personal Finance

Assume a 30-month CD purchased for pays simple interest at an annual rate of 5.5%. How much total interest does it earn? What is the balance at maturity?

1. 👍 1
2. 👎 0
3. 👁 1,047
1. purchased for??????

1. 👍 0
2. 👎 0
2. Can anyone help with this still? Purchased for \$3000.

1. 👍 0
2. 👎 0
3. Someone essentially help to make seriously posts I would state. This is the very first time I frequented your web page and thus far? I surprised with the research you made to make this particular publish incredible. Magnificent job! gdefeacbgkae

1. 👍 0
2. 👎 0
posted by Johne903
4. Hello!

1. 👍 0
2. 👎 0
5. ogTpF4 Thank you ever so for you post. Awesome.

1. 👍 0
2. 👎 0

## Similar Questions

1. ### Math Personal Finance

Assume a 30-month CD purchased for \$4000 pays simple interest at an annual rate of 5.5%. How much total interest does it earn? What is the balance at maturity?

asked by Alexis on June 8, 2014
2. ### Finance

Assume a 30-month CD purchased for pays simple interest at an annual rate of 5.5%. 1. How much total interest does it earn? 2. What is the balance at maturity? (2 decimal places)

asked by Anonymous on June 20, 2015
3. ### Math

Assume a three-month CD purchased for \$3000 pays simple interest at an annual rate of 10%. What is the balance at maturity? I don't have any work. This is question one and I have 19 more. I don't understand how to arrive at the

asked by Robyn on October 26, 2014
4. ### math

Assume a 30 month CD purchased for 2000 pay simple interest at an annual rate of 5.5%. How much total interest does it turn what is the balance at maturity. They want to know the total interest and the balance at maturity and they

asked by matt on January 16, 2016
5. ### math

a government bod pays 100 in a year at a discount rate of 5%(assume simple interest). How much did the bond cost? What is the annual percentage rate? Should it be more or less than 5%?

asked by leah on June 2, 2011
1. ### Math Help Personal Finance

Kendrick Campbell purchased a \$25,000 municipal bond at a quoted price of 93.456. The bond pays annual interest at a rate of 3.7%. What is the annual interest?

asked by Rodney on February 18, 2016
2. ### Math

Deborah deposits \$200 into an account that pays simple interest at the rate of 7%. How much will she have at the end of 4 months? a) Present Value with simple interest b) Future Value with simple interest c) Future Value with

3. ### eco

Suppose a person pays \$80 of annual interest on a loan that has a 5 percent annual interest rate. The loan amount is: A. \$400. B. \$1,600. C. \$160. D. \$85. 10. Suppose a loan customer is considering two alternative \$22,000 loans.

asked by matt on May 26, 2011
4. ### anonymous

1.) an account invested in a month market fund grew from \$67,081.20 to \$67,359.39 in a month. What was the interest rate, to the nearest tenth? 2.)you are due a tax refund of \$760. your tax preparer offers you a no-interest loan

asked by math i have a few questions.hepl pls ty on March 15, 2011
5. ### algebra 1

You deposit \$70 in a savings account that pays an annual interest rate of 3%. How much simple interest would you earn in 2.5 years?

asked by peaches on October 8, 2010

More Similar Questions