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OpenStudy (anonymous):
You deposit $3000 in a 5-year certificate of deposit that pays 6% interest compounded annually. To the nearest dollar, what balance will the account show when your certificate comes due?
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OpenStudy (anonymous):
3900
OpenStudy (anonymous):
3000x.06=180 190x5 years=900 900+3000=3900
OpenStudy (anonymous):
Thanks
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