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Grym:
Doris put $4000 in a 2-year CD paying 6% interest, compounded monthly. After 2 years, she withdrew all her money. What was the amount of the withdrawal
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Mercury:
|dw:1593274464612:dw| compound interest formula: https://qph.fs.quoracdn.net/main-qimg-0658420efab55945b6ff42e0bdd15df8 A = final amount P = principal (4000) r = interest rate as a decimal (0.06) t = time (2 yrs) n = # of times compounded per year (12) plug everything in and solve for A
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