Joey gets an offer from a bank that is paying 6% on CD's and is compounding interest

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Joey gets an offer from a bank that is paying 6% on CD's and is compounding interest daily (365 days per year). If he invests $2,000 how much will the CD be worth in 5 years? Round your answer to the nearest cent.

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Introduction to Management Science

ISBN: 978-0132751919

11th Edition

Authors: Bernard W. Taylor

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Posted Date: Apr 03, 2024 12:57 AM

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Joey gets an offer from a bank that is paying 6% on CD's and is compounding interest

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Joey If he invests 2000 in a CD with a 6 annual interest rate compounded daily 365 days p... View the full answer

Introduction to Management Science

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