Sharon invests ($ 2,500) in a CD for her granddaughter. The (C D) has a term of

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Sharon invests $\$ 2,500$ in a CD for her granddaughter. The $C D$ has a term of 5 years and has a simple interest rate of $3.11 \%$. After that 5 -year period, how much will the CD be worth?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 29, 2024 08:04 AM

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Sharon invests ($ 2,500) in a CD for her granddaughter. The (C D) has a term of

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Contemporary Mathematics

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