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OpenStudy (anonymous):
Pete invests $10,000 in a certificate of deposit that earns 3% interest, compounded yearly. What will be the compounded income at the end of 5 years?
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OpenStudy (anonymous):
P(t) = (1+r)^t
OpenStudy (anonymous):
thank you!!!!!!!!!
OpenStudy (anonymous):
Substitute the variables with the given data
OpenStudy (anonymous):
10000(1.03)^5
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