Mathematics, 06.12.2020 14:00, nae467

Rita received a $1200 bonus. She decided to invest it in a 4-year certificate of deposit with an annual interest rate of 1.36% compounded monthly. i) How much money is in Rita’s account after 4 years?

ii) How much interest is earned on Rita’s investment after 4 years?

Answers: 2

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Rita received a $1200 bonus. She decided to invest it in a 4-year certificate of deposit with an ann...