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:
Answer: $5,203.71
<u>Step-by-step explanation:</u>
1.040742
<u>x 5 000</u>
5203.710 000
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