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Heather invested $8000 in a 4- year certificate of deposit (CD) that pays 4.1 interest compound annually. What is the value of the CD at the end of 4 years

Heather invested $8000 in a 4- year certificate of deposit (CD) that pays 4.1 interest compound annually. What is the value of the CD at the end of 4 years
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Heather invested $8000 in a 4- year certificate of deposit (CD) that pays 4.1 interest compound annually. What is the value of the CD at the end of 4 years

asked
User Quantumboredom
by
8.2k points

1 Answer

4 votes
8000(1.041)
x^(4)=9394.91
answered
User Kyndigs
by
8.4k points
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