contestada

Why is eagle bank's 1-year cd the only account
guaranteed to return $22 in interest on a $1,000
deposit?
because it is not allowed to charge fees under any
circumstances
because the federal government guarantees that
interest will be doubled
because the interest is continuously adjusted for
inflation
o because the apy is guaranteed not to change

Respuesta :

Answer: Because the APY is guaranteed not to change.

Explanation:

I had the same question

The bank of Company E grantees that the interest of $22 on the one year of certificate of deposit of $1,000 as there is no change in APY.

Option D is the correct answer.

What is the certificate of deposit?

The certificate of deposit is a kind of financial instrument issued by banks providing the interest rate premium to the investors.

APY stands for annual percentage yield which is defined as the rate of return on the investment being adjusting by the compound interest. When the Eagle Company invests $1,000 in certificate of deposit, then it gets the guaranteed return of $22 in that one year.

Therefore, there should be no change in the APY due to which there is a fixed interest of $22 on the $1,000 of value of CD.

Learn more about the certificate of deposit in the related link:

https://brainly.com/question/13704904

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