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29 April, 15:13

Doris put $4000 in a 2-year CD paying 6% interest, compounded monthly. After 2 years, she withdrew all her money. What was the amount of the withdrawl?

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  1. 29 April, 15:40
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    A=4,000 * (1+0.06:12) ^ (12*2)

    A=4,508.64
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