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QUESTION 9 Donald is a college student who has $4,000 in savings that he earned from his summer job. He plans to leave the $4,000 in a 6 percent certificate of deposit (CD) for three years. How much will
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QUESTION 9

Donald is a college student who has $4,000 in savings that he earned from his summer job. He plans to
leave the $4,000 in a 6 percent certificate of deposit (CD) for three years. How much will Donald have in
the CD at the end of the three years?

User Joshua Enfield
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1 Answer

6 votes
$4000 x 1.06 = $4240 = +$240 every year

After 3 years: $4000 + $720 = $4720
User Federico Giust
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