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The river family invested $4300 in a certificate of deposit (cd). The rate of interest is 2.8% compounded yearly. Give the value of the cd at the end of 6 years

The river family invested $4300 in a certificate of deposit (cd). The rate of interest is 2.8% compounded yearly. Give the value of the cd at the end of 6 years
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The river family invested $4300 in a certificate of deposit (cd). The rate of interest is 2.8% compounded yearly. Give the value of the cd at the end of 6 years

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User Codor
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2 Answers

2 votes
the answer is $722.40
answered
User Kevin Busch
by
8.9k points
2 votes

Answer:

$722.40

Explanation:

2.8% x 4300 = 120.4

120.4 x 6 = 722.40

answered
User TylerW
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7.9k points
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