Oksana deposits ($ 5,000) in a CD that earns (3 %) compounded annually. How much is the

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Oksana deposits $\$ 5,000$ in a CD that earns $3 \%$ compounded annually. How much is the CD worth after 4 years?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 30, 2024 09:05 AM

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Oksana deposits $\$ 5,000$ in a CD that earned $3 \%$ compounded annually and was worth $\$ 5,627.54$ after 4 years. Had Oksana invested in a CD with simple interest, how much would the CD have...
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Oksana deposits ($ 5,000) in a CD that earns (3 %) compounded annually. How much is the

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Contemporary Mathematics

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