Bob invest $11500 in a 4 year Certificate of Deposit at the bank with an interest rate

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Bob invest $11500 in a 4 year Certificate of Deposit at the bank with an interest rate of 5.5%. Using simple interest with an annual period, what will the CD be worth at the maturity date?

Posted Date: Jun 21, 2024 01:00 AM

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Bob invest $11500 in a 4 year Certificate of Deposit at the bank with an interest rate

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