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21 May, 06:36

Tara deposits $5,000 in a certificate of deposit. The annual interest rate is 7%, and the interest will be compounded quarterly. How much will the certificate be worth in 10 years?

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  1. 21 May, 06:52
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    c=p (r/100+1) n

    c=$5000 (7/100+1) 7

    =$9835.76
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