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8 Elliot Chambers invests 30 000 in a 1 year CD that earns interest at an annual rate of 3 75 compounded monthly a What

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8 Elliot Chambers invests 30 000 in a 1 year CD that earns interest at an annual rate of 3 75 compounded monthly a What is the amount of the CD at maturity b What is the interest earned 9 Emily Gast deposits 50 000 in a 4 year CD that earns interest at an annual rate of 5 25 compounded daily a Find the amount of the CD in 4 years b Find the interest earned in 4 years

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