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Hans received a $1400 bonus. He decided to invest it in a 2-year certificate of deposit (CD) with an annual interest rate of 1.11 %
Hans received a $1400 bonus. He decided to invest it in a 2-year certificate of deposit (CD) with an annual interest rate of 1.11 % compounded monthly. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. X 3 ? (a) Assuming no withdrawals are made, how much money is in Hans' account after 2 years? $ (b) How much interest is earned on Hans' investment after 2 years? $
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