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25-07-2020
Mathematics

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Emily put $3000.00 in a 2 year CD paying 4% interest compounded monthly. After 2 years she withdrew all her money. What is the amount of the withdrawl?

Respuesta :

25-07-2020

Answer:

A=3244.8 dollars

Step-by-step explanation:

A=p(1+r)^t

A=3000(1+0.04)^2

A=3244.8 dollars

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