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Question
Submitted by vadlov on Thu, 2012-05-10 12:58
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answered 3 time(s)
vadlov bought 53 out of 62 answered question(s)

Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 4.0% interest, compounded quarterly....

Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 4.0% interest, compounded quarterly. How much will you have when the CD matures?

Answer
Submitted by shahimermaid on Thu, 2012-05-10 13:36
teacher rated 386 times
4.321245
price: $1.00

the answer is explained in the simplest way

body preview (20 words)

xxxxxxxx

xx xxxxxx

r xxxxx interest, compounded quarterly.

How much will xxx have xxxx xxx xx xxxxxxxx

A xxxxxxxxxxxxx

xxxxxxxxxxxxxxxxx

x xxxx


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Answer
Submitted by neel on Thu, 2012-05-10 13:48
teacher rated 549 times
4.118395
price: $1.00

answer for $1

body preview (17 words)

xxxxxxxxx or Sum [P] xxxxxxx

Rate x per xxxxx xxxx %4

xxxx xxxxx xxxxxx

xxxxxxxx xxxxxxxx xxxxxxxxxxxxxxx

xxxxx xxxxxxxxxxxxxxx


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Answer
Submitted by neel on Thu, 2012-05-10 13:47
teacher rated 549 times
4.118395
price: $5.00

answer

body preview (17 words)

Principal or Sum xxx xxxxxxx

xxxx x per xxxxx [R] xx

Time xxxxx xxxxxx

Compound Interest xxxxxxxxxxxxxxx

xxxxx xxxxxxxxxxxxxxx


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