The following certificate of deposit (CD) was released from a particular bank. Find the compound amount...
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The following certificate of deposit (CD) was released from a particular bank. Find the compound amount and the amount of interest eamed by the following deposit. $2500 at 5% compounded daily for 8 years. What is the compound amount? (Round to the nearest cent.) What is the interest earned? (Round to the nearest cent.) The following certificate of deposit (CD) was released from a particular bank. Find the compound amount and the amount of interest eamed by the following deposit. $2500 at 5% compounded daily for 8 years. What is the compound amount? (Round to the nearest cent.) What is the interest earned? (Round to the nearest cent.)
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To calculate the compound amount and the amount of interest earned on a certificate of deposit C... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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