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Mandarinka [93]

2 years ago

5

Damon's father started a college fund on Damon's 8th birthday. He deposited $7500 into a CD (certificate of credit) that yields

at interest rate of 0.23% compounded annually. How much money will the CD be worth when Damon turns 18 years old?

1 answer:

algol132 years ago

4 0

Answer:

7672.50

Step-by-step explanation:

7500×0.23%=17.25

17.25×10=172.50

7500+172.50=7672.50

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