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12 October, 11:00

Your bank offers a 10-year certificate of deposit (cd) that pays 6.5% interest, compounded annually. if you invest $2,000 in the cd, how much will you have when it matures?

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  1. 12 October, 14:57
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    Lily deposited $500 in a savings account. At the end of 1 year, she had earned $20 in simple interest. What interest rate did she receive? this equals 4% here is the info: Substituting the values ...
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