# Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 4.0% interest, compounded quarterly....

Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 4.0% interest, compounded quarterly. How much will you have when the CD matures?

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xxxxxxxx

xx xxxxxx

r xxxxx interest, compounded quarterly.

How much will xxx have xxxx xxx xx xxxxxxxx

A xxxxxxxxxxxxx

xxxxxxxxxxxxxxxxx

x xxxx

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xxxxxxxxx or Sum [P] xxxxxxx

Rate x per xxxxx xxxx %4

xxxx xxxxx xxxxxx

xxxxxxxx xxxxxxxx xxxxxxxxxxxxxxx

xxxxx xxxxxxxxxxxxxxx

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## answer

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Principal or Sum xxx xxxxxxx

xxxx x per xxxxx [R] xx

Time xxxxx xxxxxx

Compound Interest xxxxxxxxxxxxxxx

xxxxx xxxxxxxxxxxxxxx

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