SOLUTION: Suppose you found a CD that pays 3.9% interest compounded monthly for 7 years.
If you deposit $11,000 now, how much will you have in the account in 7 years? (Round to the neares
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-> SOLUTION: Suppose you found a CD that pays 3.9% interest compounded monthly for 7 years.
If you deposit $11,000 now, how much will you have in the account in 7 years? (Round to the neares
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Question 1174017: Suppose you found a CD that pays 3.9% interest compounded monthly for 7 years.
If you deposit $11,000 now, how much will you have in the account in 7 years? (Round to the nearest cent.)
What was the interest earned? (Round to the nearest cent.)
Now suppose that you would like to have $20,000 in the account in 7 years. How much would you need to deposit now? (Round to the nearest cent.) Answer by ikleyn(52775) (Show Source):
