Mathematics, 08.04.2021 15:00, kloeyknows7323
1) Paul wants to deposit $7,300 into a one-year CD at a rate of 4.85%, compounded quarterly.
A) What his ending balance after the year?
B) How much interest did he earn?
C) What is his annual percentage yield?
HINT: Use the compounding interest Formula
Answers: 2
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1) Paul wants to deposit $7,300 into a one-year CD at a rate of 4.85%, compounded quarterly.
A) Wha...
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