Compound Interest. Southside investments purchases a $100,000 certificate of deposit from Newton Bank, at 2.8%. How much is the investment worth (rounded to the nearest cent) at the end of 1 yr, if interest is compounded: a. Annually? b. Semiannually? c. Quarterly? d. Daily (use 365 days for 1 yr) e. Hourly?
Compound Interest. Southside investments purchases a $100,000 certificate of deposit from Newton Bank, at 2.8%. How much is the investment worth (rounded to the nearest cent) at the end of 1 yr, if interest is compounded: a. Annually? b. Semiannually? c. Quarterly? d. Daily (use 365 days for 1 yr) e. Hourly?
Compound Interest. Southside investments purchases a $100,000 certificate of deposit from Newton Bank, at 2.8%. How much is the investment worth (rounded to the nearest cent) at the end of 1 yr, if interest is compounded:
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