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Elliot Chambers invests $30,000 in a 1-year CD that earns interest at an annual rate of 3.75% compounded monthly. a) What is the amount

Elliot Chambers invests $30,000 in a 1-year CD that earns interest at an annual rate of 3.75% compounded monthly. a) What is the amount of the CD at maturity? b) What is the interest earned? 000

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