Mathematics, 16.04.2021 19:00 zoeybuch5
Shen received a 2100 bonus, He decided to invest it in a 5-year certificate of deposit (CD) with an annual interest rate of 1.49% compounded daily.
Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the
list of financial formulas. Assume there are 365 days in each year,
(a) Assuming no withdrawals are made, how much money is in Shen's account
after 5 years?
Ń…
?
(B)How much interest is earned on Shen's investment after 5 years?
Answers: 2
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Shen received a 2100 bonus, He decided to invest it in a 5-year certificate of deposit (CD) with an...
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