Mathematics, 02.12.2021 01:00, mrlepreqon8897
David’s bank offers a 36-month Certificate of Deposit (CD) with an APR of 2.25%. Use the compound interest formula to answer the following: a) If P = 2000, what is A(8)? b) Solve the equation A(t) = 4000 for t. c) What principal P should be invested so that the account balance is $2000 in three years?
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David’s bank offers a 36-month Certificate of Deposit (CD) with an APR of 2.25%. Use the compound in...
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