anonymous
  • anonymous
You bought a 23 year Certificate of Deposit for $25,924 that has an interest rate of 2.45% compounding daily. How much will the total worth of your CD be after 23 years? what am I doing wrong?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
\[25,924\times2.45=63,513.80\times23=1,460,817.40\]
anonymous
  • anonymous
I believe that that is how you are going to solve it please let me know if it is right
anonymous
  • anonymous
\[A=25924\left( 1+\frac{ 2.45 }{ 100 } \right)^{23}=?\]

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anonymous
  • anonymous
this is the answer...$45,542.70 but I keep coming up with 45235.26

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