A 4 year certificate of deposit pays an annual rate of 8%, compounded daily. The maximum allowable deposit is $17,000. What is the most interest a depositor can earn from the CD? Round the result to the nearest cent.
A. $6,410.35
B. $6,510.45
C. $6,310.25
D. $6,400.34
E. $6,420.36
Answer: A
Mathematics
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A. v = ± 
B. v = ± 
C. v = 
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A. 60 B. 90 C. 120 D. 108
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A. No B. Yes
Mathematics