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Mathematics 7 Online
OpenStudy (anonymous):

Franco wants to have $750,000 when he retires in a year. If he currently has $700,000 to put in a 1-year CD, which of these APRs and compounding periods will allow him to reach his goal?

OpenStudy (wolf1728):

It would help if you could post the choices. Anyway, $700,000 deposited for 1 year at 7.14286% compounded annually will yield $750,000 in one year.

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