anonymous
  • anonymous
You put $600 into a savings account paying 8% annual interest compounded monthly. After one year you take out all the money and put it into a 9 month CD paying 7.5% annual(simple) interest. How much is your investment worth when the CD matures?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
$915.13
anonymous
  • anonymous
can u quickly explain how u get it....did u use formula A=P (1+i) ^n
anonymous
  • anonymous
i do and it wont let me...??

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anonymous
  • anonymous
A=600 A(1+(.08/12))^12= 866.40= B B(1+(.075*.75)) =915.14
anonymous
  • anonymous
thank u sooo much =)

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