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James put $1000 in a 2-year CD paying 7% interest, compounded monthly. After 2 years, he withdrew all his money. What was the amount of the withdrawal?  A. $1149.81 B. $1155.18 C. $1000.00 D. $1556.18
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1 vote
James put $1000 in a 2-year CD paying 7% interest, compounded monthly. After 2 years, he withdrew all his money. What was the amount of the withdrawal? 

  A.

$1149.81   B. $1155.18   C. $1000.00   D. $1556.18
User Rugmangathan
by
8.2k points

2 Answers

1 vote

Answer:

$1149.81

Explanation:

APEX

User Eduardo Escobar
by
7.6k points
5 votes
1149.81 is the answer
User Gdm
by
7.5k points
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