You invest $10,000 for five years into a CD yielding an APR of 3.6% compounded monthly -

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You invest $10,000 for five years into a CD yielding an APR of 3.6% compounded monthly - how much will you have in five years, assuming you don't touch the CD and let it mature?

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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Posted Date: Apr 29, 2024 04:01 AM

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You invest $10,000 for five years into a CD yielding an APR of 3.6% compounded monthly -

Question:

Expert Answer:

You can expect to have around 1196895 in your CD after five years Heres how we can calculate it Conv... View the full answer

Personal Finance

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