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01-03-2017
Mathematics

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How much would you have to invest into a 5-yr certificate of deposit paying 2.3% compounded weekly to make it worth $4500 at the end of the term?

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Aliwohaish12 Aliwohaish12

03-03-2017

P=4500/(1+0.023÷52)^(52×5)=4,011.25

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