N I/Y PV PMT FV 1. You are depositing $25,000 into a 3-year certificate of deposit at a local bank. The CD earns a rate of 2%. Interest which compounds on the CD every 6 months. What will the balance of the CD be at the end of 3 years when it matures.

1. You are depositing $25,000 into a 3-year certificate of deposit at a local bank. The CD earns a rate of 2%. Interest which compounds on the CD every 6 months. What will the balance of the CD be at the end of 3 years when it matures