Investment earn during the time period


Question: Mr. Nailor invests 5,000 in a certificate of deposit at his local bank. He receives annual interest of 8% for 7 years. How much interest will his investment earn during this time period?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Investment earn during the time period
Reference No:- TGS02084030

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)