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9 March, 17:26

invest $5000in a 1 year certificate of deposit that earns intrest at an annual rate of 4% compounded monthly. the amount per $1 is 1.040742. how much intrest will he earn at the end of one year?

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  1. 9 March, 17:29
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    Answer: $5,203.71

    Step-by-step explanation:

    1.040742

    x 5 000

    5203.710 000
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