contestada

invest $5000in a 1 year certificate of deposit that earns intrest at an annual rate of 4% compounded monthly. the amount per $1 is 1.040742. how much intrest will he earn at the end of one year?

Respuesta :

Answer:   $5,203.71

Step-by-step explanation:

1.040742

x            5 000

5203.710 000