Certificate of deposit, Let's say Misty Shadle deposits

Certificate of deposit

Assignment Help Financial Management

Reference no: EM13951493

Let's say Misty Shadle deposits $310,500 dollars in a CD (Certificate of Deposit) at Star Bank. The bank is offering to pay 4.05% interest for 6 years. What will be the balance in Misty's account six years from today. (NOTE; compounded weekly, 52 times per year)

a. 380,164.89

b. 389,975.53

c. 395,871.36

d. 405,325.50

Reference no: EM13951493

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Certificate of deposit : Let's say Misty Shadle deposits $310,500 dollars in a CD (Certificate of Deposit) at Star Bank. The bank is offering to pay 4.05% interest for 6 years. What will be the balance in Misty's account six years from today. (NOTE; compounded weekly, 52 tim..

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