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3 November, 04:39

Roland earned $1,500 last summer. If he deposited the money in a certifi-

cate of deposit that earns 4% Interest compounded monthly, how much

money will he have next summer?

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Answers (1)
  1. 3 November, 05:04
    0
    1561.11 dollars.

    Explanation: A = 100 (1 plus. 03 over 4) 4.3 A = 100 (1.0075) 12
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