Bill Casler bought a $6000, 9-month certificate of deposit (CD) that would earn 9.2% annual simple interest. (a) What is the value of the CD when it matures?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Bill Casler bought a $6000, 9-month certificate of deposit (CD) that would earn 9.2% annual simple interest.
(a) What is the value of the CD when it matures?
Transcribed Image Text:Bill Casler bought a $6000, 9-month certificate of deposit (CD) that would earn 9.2% annual simple interest. (a) What is the value of the CD when it matures?
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