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Mathematics

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6. Shayla Montega invests $28,000 in a certificate of deposit
for 4 years. The certificate earns interest at an annual rate
of 4.50% compounded quarterly.
a. What is the amount after 4 years?
b. What is the interest earned?
c. What is the amount after 1 year?
d. What is the interest earned?
e. What is the annual percentage yield to the nearest
thousandth of a percent?

Answer :

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