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3 years ago

10

invest $5000in a 1 year certificate of deposit that earns intrest at an annual rate of 4% compounded monthly. the amount per $1

is 1.040742. how much intrest will he earn at the end of one year?

1 answer:

OLga [1]3 years ago

7 0

Answer: $5,203.71

<u>Step-by-step explanation:</u>

1.040742

<u>x 5 000</u>

5203.710 000

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