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To celebrate Adrianna's birth, her family opens a CD (certificate of deposit) with $6000 in it. The CD earns 5.3% annual interest rate compounded quarterly.
To celebrate Adrianna's birth, her family opens a CD (certificate of deposit) with $6000 in it. The CD earns 5.3% annual interest rate compounded quarterly. Adrianna will have access to the money when she turns 20 years old. A) How much money will be in the account after 20 years? B) What percentage of the money in the account will be from interest? C) What is the annual percentage yield (APY) for the savings account? OA) $17,198.09 B) 65.11% C) 4.68% OA) $30,465.50 B) 54.05% C) 4.68% A) $17,198.09 B) 65.11% C) 5.41% OA) $17,198.09 B) 54.05% C) 5.41%
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