Mathematics, 09.12.2020 08:50 C4171
Lena received a $1700 bonus. She decided to invest it in a 3-year certificate of deposit (CD) with an annual interest rate of 1.33% compounded quarterly.
Answer the questions below. Do not round any intermediate computations, and round your final answer to the nearest cent.
A) Assuming no withdrawals are made, how much money is in Lena’s account after 3 years?
B) How much interest is earned on Lena’s investment after 3 years?
Answers: 2
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Lena received a $1700 bonus. She decided to invest it in a 3-year certificate of deposit (CD) with a...
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