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5 March, 00:01

Ch. 3 Test Savings Accounts

1. Mike deposits $5,000 in a three-year CD account that yields 3.5% annual interest,

compounded weekly. What is his ending balance at the end of three years?

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Answers (1)
  1. 5 March, 00:18
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    Step-by-step explanation:

    5000 x 3 + 3.5% of 5000 x 3 = the answer
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