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lesya [120]
3 years ago
12

Cristiana uses $25,000 to purchase a 25 month CD (certificate of deposit) that pays 2.47% compounded monthly.

Mathematics
1 answer:
Andre45 [30]3 years ago
5 0
25000×.0247=617.5

617.5×25=15,437.5

25,000+15,437.5=40,437.5

her investment was worth 40,437.5
she earned 15,437.5
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