document.write( "Question 1113918: Daniel purchased a 1-year CD in the amount of c, from a bank. He bought it at an anual interest rate of 6%. After 1 year, Daniel cashes in the CD. What is the total amount it is worth?\r
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Algebra.Com's Answer #728989 by MathTherapy(10552)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Daniel purchased a 1-year CD in the amount of c, from a bank. He bought it at an anual interest rate of 6%. After 1 year, Daniel cashes in the CD. What is the total amount it is worth? \n" ); document.write( " 106% of its INITIAL value, or INITIAL value, times 1.06.\n" ); document.write( " |