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Posted by on Wednesday, November 28, 2012 at 11:53am.

Pete invests $10,000 in a certificate of deposits that earns 3% interest , compounded yearly. What will be te compound income at the end of 5 years?

  • Confused calculus - , Wednesday, November 28, 2012 at 12:05pm

    10000(1.03)^5 - 10000 = 1592.74 accrued interest

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