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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?
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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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