Question:
uppose that you deposit 5000 into a Certificate of Deposit
Last updated: 5/4/2023
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uppose that you deposit 5000 into a Certificate of Deposit CD today The deposit earns 7 interest compounded monthly a How long will it be before the account is worth 7000 D How long will it be before the account is worth 10000 That is how long will you have to wait until your money doubles