How much interest saver earn if interest left to accumulate
You invest $1000 in a certificate of deposit that matures after 10 years and pays 5 percent interest, which is compounded annually until the certificate matures. How much interest will the saver earn if the interest is left to accumulate?
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You invest $1000 in a certificate of deposit that matures after 10 years and pays 5 percent interest. How much interest will the saver earn if the interest is left to accumulate?
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