Lets say misty shadle deposits 310500 dollars in a cd, Ask an Expert

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Let's say Misty Shadle deposits $310,500 dollars in a CD (Certificate of Deposit) at Star Bank. The bank is offering to pay 4.05% interest for 6 years. What will be the balance in Misty's account six years from today. (NOTE; compounded weekly, 52 times per year)

a. 380,164.89

b. 389,975.53

c. 395,871.36

d. 405,325.50

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91622331

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