monicacole436 monicacole436
  • 22-09-2020
  • Mathematics
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A certificate of deposit has $10,000.00 and the bank pays 2.89% interest compounded monthly.

After 5 years, what is the account balance?

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powers39720
powers39720 powers39720
  • 22-09-2020

Answer:

17340

Step-by-step explanation:

10,000 * 2.89%

289 * 12

3468 * 5

17340.

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