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Wk3Hw_FV1 John has $12,975 to invest in a bank certificate of deposit for 13 years. The bank is paying 0.07 interest per year compounded annually.
Wk3Hw_FV1 John has $12,975 to invest in a bank certificate of deposit for 13 years. The bank is paying 0.07 interest per year compounded annually. How much will John's investment be worth at the end of the 13 year period? (round to 2 decimal places) Use the correct formula from below to solve this problem. x*(1+r)^n x+(CF/(1+r)^1)+(CF/(1+r)^2)+(CF/(1+r)^3)+(CF/(1+r)^4.... x+SQRT(1-rin) Wk3Hw_FV1
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