Find the cost of a cd in 6years,assuming an inflation rate if 4% , if its present cost is $11.95
1 answer:
The cost of a cd after 6 year is =$ 15.12
Step-by-step explanation:
The present cost of the cd is $11.95 and inflation rate 4%
P = $11.95 , r = 4% and n = 6 years
The cost of a cd after 6 year is =
=$ 
=$ 15.12
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