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Invest $5000in a 1 year certificate of deposit that earns intrest at an annual rate of 4% compounded monthly. the amount per $1 is 1.040742. how much intrest will he earn at the…

Invest $5000in a 1 year certificate of deposit that earns intrest at an annual rate of 4% compounded monthly. the amount per $1 is 1.040742. how much intrest will he earn at the…
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invest $5000in a 1 year certificate of deposit that earns intrest at an annual rate of 4% compounded monthly. the amount per $1 is 1.040742. how much intrest will he earn at the end of one year?

asked
User Palak Bansal
by
8.0k points

1 Answer

2 votes

Answer: $5,203.71

Explanation:

1.040742

x 5 000

5203.710 000

answered
User Martijn Van De Rijdt
by
8.4k points
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