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PLEASE HELP 20 PTS How much interest will you earn on a 2​-year $ 6 comma 000 CD that will pay annual interest of 4.7​%? The first​ year's interest will remain in the CD and also earn interest during the
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PLEASE HELP 20 PTS How much interest will you earn on a 2​-year $ 6 comma 000 CD that will pay annual interest of 4.7​%? The first​ year's interest will remain in the CD and also earn interest during the second year.

User Mtzd
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1 Answer

2 votes

Answer:

12965.4

Explanation:

y= 6000(1+.47)^2

y=6000(1.47)^2

y=12965.4

User Japuentem
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