Question: need some help here, will like the answer. thanks! A CD, or certificate of deposit, is a type of savings account with a fixed rate
A CD, or "certificate of deposit," is a type of savings account with a fixed rate and term, meaning you can only redeem it when the term is over. If you open a CD with an initial deposit of $2600 and an APR of 0.21% compounded monthly, what profit will you have earned when you redeem the CD in 3 years? Round your answer to the nearest cent, if necessary
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