(Answered) Suppose you buy a two-year cd for 10000 from first command

Management Studies

Suppose you buy a two-year CD for $10,000 from First Command Bank.

Assume monthly compounding. Use the APR from the below Table 4.1 and the compound interest formula to determine how much interest the CD earns for you at maturity.

The Table says APR is 3.84%

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