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  • 28-05-2024
  • Mathematics
Answered

Yolanda received a $1200 bonus. She decided to invest it in a 3-year certificate of deposit (CD) with an annual interest rate of 1.38% compounded annually. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. A. Assuming no withdrawals are made, how much money is in Yolanda’s account after 3 years? B. How much interest is earned on Yolanda’s investment after 3 years?

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