What is the balance after 2 years on a CD with an initial investment of $2,600.00 and a 3.2% interest rate? A. $2,766.40 B. $2,606.40 C. $2,769.06 D. $8,320.00

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 71E
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9:24 1
Status
Exam
Unit 4 Exam
What is the balance after 2
years on a CD with an initial
investment of $2,600.00 and a
3.2% interest rate?
A. $2,766.40
B. $2,606.40
C. $2,769.06
D. $8,320.00
Copyright © 2003 - 2022 International Academy
of Science. All Rights Reserved.
LTE
12
Transcribed Image Text:9:24 1 Status Exam Unit 4 Exam What is the balance after 2 years on a CD with an initial investment of $2,600.00 and a 3.2% interest rate? A. $2,766.40 B. $2,606.40 C. $2,769.06 D. $8,320.00 Copyright © 2003 - 2022 International Academy of Science. All Rights Reserved. LTE 12
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