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29 January, 15:52

Nate wants to buy a CD for $1000 that earns 3% APR and is compounded quarterly for 5 years. He will be taxed on 20% of the interest that he earns. What is the total amount of interest Nate will earn, after taxes?

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  1. 29 January, 17:57
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    Answer: $128.94

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