What is the addition?

I need to know how copious months are there contained by 20 years? What is the correct calculation (division or multiplication)?
Reason: I hold a CD portrayal and I purchased it in 1988 and it is immediately 2008. I want to cash out. How much do I win? The interest rate is 7.25% Math Major please apply or person contained by Financial Status to answer Thank you


Answers:    <<<I need to know how heaps months are there surrounded by 20 years? What is the correct calculation (division or multiplication)?>>>

Ther are 12 months per year so within 20 years there are
20 x 12 = 20 months.

<<<Reason: I enjoy a CD article and I purchased it in 1988 and it is presently 2008. I want to cash out. How much do I go and get? The interest rate is 7.25%>>>

If the interest is compounded annually, and has remained fixed at 7.25%, you would gain back

(1.0725)^20 = 4.05 times what you originally compensated 20 years ago.
12 X 20 = 240

  • What would you invest contained by,within a third world country resembling Tanzania,near 88% of the population below poverty chain?
  • Good impression to buy Exxon stocks?
  • Investing $15000 today, can i breed $1000 by subsequent week? is it imagined?
  • Can I use Cumulative Abnormal Return (CAR) as a proxy for Agency Problem/Costs?
  • How do I win within on Visa IPO paying the IPO price instead of the price on exchange?