Provident Bank of Cincinnati, Ohio, offered a certificate of deposit that paid 1.25% compounded quarterly. If a
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Provident Bank of Cincinnati, Ohio, offered a certificate of deposit that paid 1.25% compounded quarterly. If a $5,000 CD earns this rate for 5 years, how much will it be worth?
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Use the compound interest formula A P1r The proble...View the full answer
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Related Book For 
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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