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29 March, 07:23

Byron purchased a $5000 certificsye of deposit at his local bank the cd will pau him 7% simple interest at the end of 2 years how much intetest in dollars will buron have earned from his cd at the end of two uesrs

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  1. 29 March, 07:46
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    5000 (1+.07) ^2

    5000 (1.07) ^2

    5000 (1.14)

    5,700

    Your final answer should be 5,700$. If you wanna double check you would use the equation fv=bv (1+r/m) ^mt
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