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Let's say Benny deposits $10,500 dollars in CD (Certificate of Deposit) at Star Bank. The bank is offering to pay 5.26% interest for 5 years.

Let's say Benny deposits $10,500 dollars in CD (Certificate of Deposit) at Star Bank. The bank is offering to pay 5.26% interest for 5 years. What will be the balance in Ripa's account five years from today? (Note; compounded semi-annually).

What if the interest is compounded quarterly?

What is the effective annual return (EAY) for questions A and B respectively;

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