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ice Help John is considering investing money in a certificate of deposit CD that offers...

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Basic Math

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ice Help John is considering investing money in a certificate of deposit CD that offers an annual interest rate of 3 2 compounded monthly Let P represent the initial amount in dollars that John will invest Which expression represents the amount of money in the account after t years A P 1 032 2t B P 1 026 12t C P 1 0026 12t D P 1 26 121 f t p 1 r Initial Rate of Value Growth Decay Expenent time Monthly to annually divide by 12 John decides to invest 3 000 in the CD How much will the investment be worth in 6 years

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