Mrs. Wallace bought a $125,000 CD with a term of 3 years. How much will she earn in 3 years?

Question

Mathematics

Antony Rich

2 March, 23:51

Mrs. Wallace bought a $125,000 CD with a term of 3 years. How much will she earn in 3 years?

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Answers (1)

Know the Answer?

Pedro Hebert · Answer 1

Answer: It depends on the banks APY

annual percentage yield

Step-by-step explanation: Let's say your bank gives you a rate of 2.10 %,

If you purchase a CD $125,000 for a 3 year term. Your APY would be $8,041.52 for 3 years. So at the end of your CD term, you should have a balance of $133,041.52. Hope this gives you an idea.