Question
Marcus receives an inheritance of $15,000. He decides to invest his money in a 11-year certificate of deposit that pays 5.5% interest compounded monthly. How
Marcus receives an inheritance of $15,000. He decides to invest his money in a 11-year certificate of deposit that pays 5.5% interest compounded monthly. How much money will Marcus receive when he redeems them CD at the end of the 11 years?
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Essentials Of College Algebra
Authors: Margaret L Lial, John E Hornsby, David I Schneider, Teresa McGinnis
10th Edition
0321970632, 9780321970633
