Mary wins $2500 in a singing contest and invests the money in a 4-year CD that pays

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Mary wins $2500 in a singing contest and invests the money in a 4-year CD that pays 3% interest compounded monthly. How much money will Mary receive when she redeems the CD at the end of the 4 years?

If necessary, round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 28, 2019 05:44 AM

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Mary wins $2500 in a singing contest and invests the money in a 4-year CD that pays

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A Survey of Mathematics with Applications

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