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jok3333 [9.3K]
2 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?
Mathematics
1 answer:
OLga [1]2 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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