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ShA CD , or certificate of deposit, is a type of savings account with a fixed rate and term, meaning you can only redeem it
ShA CD or certificate of deposit, is a type of savings account with a fixed rate and term, meaning you can only redeem it when the term is over. If you open a CD with an initial deposit of $
and an APR of
compounded monthly, what profit will you have earned when you redeem the CD in
years? Round your answer to the nearest cent, if necessary.ow me the steps to solve
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