Dylan deposited $4,000 in a 3-year CD account that pays 3.08% interest, compounded weekly. What is the ending balance? Round to the nearest cent.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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QUESTION 2
Dylan deposited $4,000 in a 3-year CD account that pays 3.08% interest, compounded weekly. What is the ending balance? Round to the nearest cent.
Transcribed Image Text:QUESTION 2 Dylan deposited $4,000 in a 3-year CD account that pays 3.08% interest, compounded weekly. What is the ending balance? Round to the nearest cent.
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