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Mathematics 21 Online
OpenStudy (anonymous):

MEDAL & FAN!!! Assume a one-year CD purchased for $2,000 pays an APR of 8% that is compounded semi-annually. How much is in the account at the end of each compounding period. (Calculate the interest and compound it by hand each quarter rather than using the compound interest formula.)? How much total interest does it earn? What's the APY?

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