A recent high school graduate received$800 in gifts of cash from friends and relatives. In​ addition, she received three scholarships in the amounts of ​$150,$300,1400 ​If she takes all her gift and scholarship money and invests it in a 36-month CD paying1​% interest compounded daily​ (use nequals360), how much will the graduate have when she cashes in the CD at the end of the 36-months? The graduate will have _______ when she cashes in the cd     when she   cashes in the CD.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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A recent high school graduate received$800

in gifts of cash from friends and relatives. In​ addition,

she received three scholarships in the amounts of
​$150,$300,1400
​If she takes all her gift and scholarship money and invests it in a
36-month CD paying1​% interest compounded daily​ (use nequals360),

how much will the graduate have when she cashes in the CD at the end of the 36-months? The graduate will have _______ when she cashes in the cd

 
 

when

she
 

cashes in the CD.

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