Teresa has just opened a now account that pays 35 interest, Financial Management

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Teresa has just opened a now account that pays 35 interest

1. Interest Earned. Teresa has just opened a NOW account that pays 3.5% interest. If she maintains a minimum balance of $500 for the next 12 months, how much interest will she earn?

2. Interest Earned. Lisa is depositing $2,500 in a six month CD that pays 4.25% interest. How much interest will she accrue if she holds the CD until maturity?

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Financial Management: Teresa has just opened a now account that pays 35 interest

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Financial Management: Teresa has just opened a now account that pays 35 interest

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