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Ted Rogers is investing $13,500 in a bank CD that pays a 10 percent annual interest. How much will the CD be worth at the

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Ted Rogers is investing $13,500 in a bank CD that pays a 10 percent annual interest. How much will the CD be worth at the end of five years? Your birthday is coming up and instead of other presents, your parents promised to give you $3,000 in cash. Since you have a part-time job and, thus, don't need the cash immediately, you decide to invest the money in a bank CD that pays an annual rate of 8.20 percent, compounded quarterly, for the next two years. How much would your account be worth in 2 years

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