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A certificate of deposit earns 0.75% interest every three months. The interest is compounded. What is the value of a $32,000 investment after 5 years?

A certificate of deposit earns 0.75% interest every three months. The interest is compounded. What is the value of a $32,000 investment after 5 years?
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3 votes
A certificate of deposit earns 0.75% interest every three months. The interest is compounded. What is the value of a $32,000 investment after 5 years?

asked
User Dave Konopka
by
8.2k points

2 Answers

5 votes

Answer:

The Answer Would Be $32,426.67

Explanation:

Took The Test On Peak.GetFueled.com

answered
User David Nutting
by
7.5k points
4 votes
480,000 i think this is the answer
answered
User Chenatu
by
7.7k points
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