What is the value of the cd at the end offive years, Financial Accounting

What is the value of the cd at the end offive years

Problem

A. You plan to invest $2,000 at the end of each of the next 25 years. If the investment account pays 7% annual interest (compounded annually), what is the investment worth at the end of 25 years?

B. You invested $5,000 into a certificate of deposit (CD) today and agreed to leave it in the CD for the next 5 years. The CD pays a 6% annual interest rate, compounded semi-annually. What is the value of the CD at the end of 5 years?

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Financial Accounting: What is the value of the cd at the end offive years

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Financial Accounting: What is the value of the cd at the end offive years

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