Currently Citibank will pay 2.2% interest compounded monthly on a 5-year certificate of deposit.
Suppose Daffy D. inherits $20,000 from Elmer F. and deposits the money for 5 years., what lump sum, to the nearest cent, will Daffy have at the end of this 5-year period?

Currently Citibank will pay 22 interest compounded monthly on a 5year certificate of deposit Suppose Daffy D inherits 20000 from Elmer F and deposits the money class=


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