Calli decided to put $20,000 of her savings account into a 5-year certificate of deposit providing a
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Calli decided to put $20,000 of her savings account into a 5-year certificate of deposit providing a 5% annual interest rate and compounding every year. How much money will she have when the certificate of deposit matures? (Please round up to two digits after decimal).
Related Book For
Finite Mathematics And Its Applications
ISBN: 9780137616619
13th Edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel , Jill Simmons
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