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  • 3 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

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  1. anonymous
    • one year ago
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    An APR of 5.42% compounded monthly

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