University:
University of North Carolina at Charlotte
Course:
PHYS 1102 | Introductory Physics II
Academic year:

2022
Views:

281

Pages:

1
Author:

Rosalinda G

Part 3: Your Investment Over the Years Suppose you are able to open a certificate of deposit account with an initial principal of $1,000.00. Complete the table to see the value of the CD account you chose for various terms. Use the rate of interest in its decimal form, not as a percentage. Show all work. CD Account Term (t) O years Calculations A A-1,000.00 (1+2) 5 years A=10,000(1+0) 10 years A-20,000(1+0) 15 years A=30,000(1+1)(15) 20 years A=40,000(1+ 놀음) (20) 25 years A-50000 (1+2) (25) 30 years A-60,000 (14) (30) 40 years 50 years A=70,000 (1+29 (40) A-60,000 (119) (50) CD Account Value (A) $1,000.00 $31510 $67290 $103400 $174500 $175900 $212200 $249200 $285900