Mathematics, 27.10.2020 03:10 deshawnmichaelosbqs9
Cameron has decided to diversify his investments in the following way:
$3,000 in an account earning 2.7% simple interest
$5,000 in a savings account earning 1.8% interest compounded annually
$5,000 in a certificate of deposit earning 3.9% interest compounded quarterly
How much total interest will Cameron earn on his investments at the end of 3 years?
a.
$530.87
b.
$665.57
c.
$973.30
d.
$1,135.30
Answers: 1
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Cameron has decided to diversify his investments in the following way:
$3,000 in an account earning...
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