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ArbitrLikvidat [17]

2 years ago

6

Jerome deposits $3500 in a certificate of deposits that pays 1.8% interest compounded annually. How much Interest does jerome ea

rn in 1 year?

2 answers:

elena-s [515]2 years ago

8 0

3,500(1.8%) = 63

Jerome will earn 63 more dollars in the next year.

$3,563

Dominik [7]2 years ago

8 0

The answer would be $66.60

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