monroeandrews123 monroeandrews123

26-10-2022
Mathematics

Answered

8. Dakota has placed $21,000 in a certificate of deposit(CD) that earns 13.6%
interest quarterly per year. The term of the CD is four years. How much money will she
have earned at the end of the term?
a. If the interest would have been semi annually per year. How much money
would she have earned?
b. Which interest is best semi annually or quarterly? Explain.

Answer :

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