Question: For this problem, identify P , FV , I , r , n , and t . 2525years ago, Sandra invested $1,700.00in a CD that
For this problem, identify P, FV, I, r, n, and t.
2525years ago, Sandra invested $1,700.00in a CD that earns3 and 3/8ths%compounded monthly. She earned a total of $2,247.94in interest.
a) What isP? Round to the nearest cent.
b) What isFV? Round to the nearest cent.
$
c) What isI? Round to the nearest cent.
$ d) What isr? Enter your answer as a decimal.
e) What isn?
f) What ist? Answer in years.
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