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Mathematics 8 Online
OpenStudy (anonymous):

Cristiana uses $25,000 to purchase a 25 month CD (certificate of deposit) that pays 2.47% compounded monthly. a. What is her investment worth at the end of 25 months? b. How much interest did she earn?

OpenStudy (anonymous):

i think it is \[\large 25,000\times (1+\frac{.0247}{12})^{25}\] and a calculator

OpenStudy (anonymous):

I think your right! :) thanks

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