A certificate of deposit earns 0.75% interest every three months. The interest is compounded. What is the value of a $32,000 investment after 5 years?

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asked Mar 26, 2019 67.3k views

3 votes

A certificate of deposit earns 0.75% interest every three months. The interest is compounded. What is the value of a $32,000 investment after 5 years?

Mathematics
middle-school

Dave Konopka asked

by Dave Konopka

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2 Answers

5 votes

Answer:

The Answer Would Be $32,426.67

Explanation:

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David Nutting answered Mar 29, 2019

by David Nutting

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4 votes

480,000 i think this is the answer

Chenatu answered Apr 1, 2019

by Chenatu

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