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20 November, 05:59

Vanessa wants to buy a CD for $500 that earns 3% APR and is compounded

quarterly. The CD matures in 2 years. She will be paid the interest she earns

each quarter. How much interest will Vanessa have earned on this CD after

the first quarter?

+4
Answers (1)
  1. 20 November, 06:18
    0
    3.75-Apex
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