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Suppose you found a CD that pays 3.1% interest compounded monthly for 4 years. If you deposit $8,000 now, how much will you have in the account in 4 years? (Round to the nearest…

Suppose you found a CD that pays 3.1% interest compounded monthly for 4 years. If you deposit $8,000 now, how much will you have in the account in 4 years? (Round to the nearest…
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Suppose you found a CD that pays 3.1% interest compounded monthly for 4 years. If you deposit $8,000 now, how much will you have in the account in 4 years? (Round to the nearest cent.)

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User Itzmekhokan
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8.2k points

1 Answer

5 votes

Answer:

4 years. If you deposit $8,000 no

Step-by-step explanation:

answered
User Mohamed Nabil
by
8.2k points
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