I have $1,600. I decide to invest in a 3 year certificate of deposit with an annual

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I have $1,600. I decide to invest in a 3 year certificate of deposit with an annual interest rate of 1.31% compounded daily.

How much is in my account after 3 years?

How much interest have I earned on my investment after 3 years?

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Apr 27, 2024 01:31 AM

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I have $1,600. I decide to invest in a 3 year certificate of deposit with an annual

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Personal Finance

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