On January 15, 2015, Philip deposited $10,000 in a certificate of deposit that returned interest at an annual rate of 8.125%, compounded monthly. How much will his certificate of deposit be worth on January 15, 2020?

Money is deposited in corporate bonds which yield 6.735% annual interest compounded monthly, and which mature after ten years. Which of the following responses comes closest to the percent by which the value of bonds increases?

Donna wants to deposit money into a certificate of deposit so that in exactly ten years, her investment will be worth $100,000. The interest rate of the CD is 7.885%, compounded monthly.

What should Donna's initial investment be, at minimum?

Tom invests , in a savings account with an annual interest rate of . If his investment is compounded semiannually, how much interest does he earn after years?