Mathematics, 14.12.2019 08:31 Serenitybella
Doris put $4000 in a 5year cd paying 6% interest compounded monthly. after 2 years, she withdrew all her money, and as an early withdrawal penalty, she paid back all the interest she made during the first year. how much money was doris left with? show your work.
Answers: 3
![Interest=4000[(1+0.005)^{12}-1]\\\\Interest=\$246.71](/tpl/images/0418/5115/284f5.png)
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Doris put $4000 in a 5year cd paying 6% interest compounded monthly. after 2 years, she withdrew al...
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