Mathematics, 05.05.2020 08:48 hunter3978
Alex plans to invest $6000 for 10 years. Determine how much each investment would be worth to Alex as the CD matures.
A. Capitol Banks offers a 10 year CD at an annual rate of 5% using simple interest.
B. Charter Banks offers a 10 year CD at annual rate of 4.9% using monthly compound interest.
C. State Bank offers a 10 year CD at an annual rate of 4.8 % using continuous compounding.
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Alex plans to invest $6000 for 10 years. Determine how much each investment would be worth to Alex a...
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