Mathematics, 03.02.2021 03:50 cody665
If you invest in a 24-month CD (certificate of deposit), then the amount A at maturity is given by the formula
A=
+
where P is the principal and the interest rate is 1%.
Carlos invests $5,000 in a 24-month CD that has a 5.25% interest rate. Use the formula to find how much Carlos' CD is worth at maturity.
Answers: 2
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If you invest in a 24-month CD (certificate of deposit), then the amount A at maturity is given by t...
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