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20 August, 04:49

Herman put some money in a 1-year CD that compounds interest monthly, and he made $28.12 in interest the first month. If the interest rate of the CD stays the same, how much will he make in interest the second month?

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  1. 20 August, 04:52
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    I’m sure the answer is More than $28.12, since it compounds monthly.
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