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OpenStudy (anonymous):
Bill invested $2000 in a three month certificate of deposit that earns 6% per anum. find the amount of interest bill will earn at the end of 3 months and the total amount bill will have at the end of 3 months.
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OpenStudy (anonymous):
@Faman1 help plox? ^^
OpenStudy (anonymous):
Sorry @romoore93 dont know :/
OpenStudy (anonymous):
lol xD ok np
OpenStudy (valpey):
3 months is 1/4 of a year. So if you earn 6% in one year your factor is 1.06 in a year and Total = $2000*(1.06)^(0.25)
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