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Question 3 (5 points) 3) Your parents will put $15,000 into a Certificate of Deposit (CD) today to provide you with $60,000 for your college
Question 3 (5 points) 3) Your parents will put $15,000 into a Certificate of Deposit (CD) today to provide you with $60,000 for your college education. If the interest rate is 3.5%, how many years must you wait before you can go to college? A) 17.14 years B) 1,672.92 years 18.205 years D) 4 years E) 40.3 years
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