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OpenStudy (anonymous):
You decide to invest $4000 in a 1-year certificate of deposit (CD) that earns an annual percentage yield (APY) of 6.08%. How much will your investment be worth in a year?
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OpenStudy (tkhunny):
Ummm... $4000 * 1.0608? You should not be struggling with this. They ONLY get harder. Is this the first time you have seen this material?
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