3 points Question 6 A CD or certificate of deposit is a type

Last updated: 3/31/2023

3 points Question 6 A CD or certificate of deposit is a type of savings account with a fixed rate an term meaning you can only redeem it when the term is over If you open a CD with an initial deposit of 900 and an APR of 0 67 compounded monthly what profit will you have earned when you redeem t CD in 5 years Round your answer to the nearest cent if necessary