Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 2 years ago

Charley wants to have $950,000 when he retires in a year. If he currently has $900,000 to put in a 1-year CD, which of these APRs and compounding periods will allow him to reach his goal? An APR of 5.34% compounded daily B. An APR of 5.42% compounded monthly C. An APR of 5.44% compounded semiannually D. An APR of 5.43% compounded quarterly

  • This Question is Open
  1. griselle
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    An APR of 5.42% compounded monthly

  2. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy