Question: Susan Bertrees can invest $12,000 at 2% interest compounded twice a year or compounded quarterly. If either investment is for five years, which investment results in more interest? How much more interest is yielded by the better investment?
2. Lunetha Pryor has a $18,200 certificate of deposit (CD) that earns 2.25% interest compounded quarterly for 5 years. Find the compound interest after 5 years.