Nine months ago Alexa deposited $7,000 in a 3-year CD. She has received $224.16 in interest. She

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Nine months ago Alexa deposited $7,000 in a 3-year CD. She has received $224.16 in interest. She withdraws $1,000. This is before the CD matures, so she pays a $250 penalty. What is her balance after the withdrawal?

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Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

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Question Posted: Sep 12, 2022 03:19 AM

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Nine months ago Alexa deposited $7,000 in a 3-year CD. She has received $224.16 in interest. She

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Answer the balance after the withdrawal is 597416 Stepbystep explanatio...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

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