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Cristiana uses $25,000 to purchase a 25 month CD (certificate of deposit) that pays 2.47% compounded monthly. a. What is her investment worth at the end of 25 months? b. How much interest did she earn? Total: 10 points a. Total: 7 points Breakdown Correct work: 3 points Correct answer: 5 points Sentences explaining reasoning: 2 points b. Total: 3 points Breakdown Correct work: 1 point Correct answer: 1 point Sentences explaining reasoning: 1 point

/in /by

Cristiana uses $25,000 to purchase a 25 month CD (certificate of deposit) that pays 2.47% compounded monthly. a.

What is her investment worth at the end of 25 months? b. How much interest did she earn?

Total: 10 points a. Total: 7 points Breakdown Correct work: 3 points Correct answer: 5 points Sentences explaining reasoning: 2 points b. Total: 3 points Breakdown Correct work: 1 point Correct answer: 1 point Sentences explaining reasoning: 1 point

 
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