Suppose you buy a CD for $300 that earns 3% APR and is compounded quarterly. The CD matures in 3 years. How much will this CD be
2 answers:
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Answer:
Step-by-step explanation:
For this case we have two points given (-1,6) and (1,5)
And we want to complete the point slope equation of the line:
We need to find the slope and we can use the following formula:
And replacing the info we got:
And then the equation would be given by:
And our final answer would be:
Answer:
$29.
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