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Mathematics, 08.04.2021 15:00 kloeyknows7323

1) Paul wants to deposit $7,300 into a one-year CD at a rate of 4.85%, compounded quarterly. A) What his ending balance after the year?

B) How much interest did he earn?

C) What is his annual percentage yield?

HINT: Use the compounding interest Formula

1) Paul wants to deposit $7,300 into a one-year CD at a rate of 4.85%, compounded quarterly.

A) W

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