Suppose you found a CD that pays 3.7% interest compounded monthly for 6 years. a.) If you deposit $12,000 now, how much will you have in the account
Suppose you found a CD that pays 3.7% interest compounded monthly for 6 years. a.) If you deposit $12,000 now, how much will you have in the account in 6 years? (round the nearest cent.) b.) What was the interest…