How much will the cd be worth in five years
Problem
Peggy has a bank Certificate of Deposit with a current balance of $2,000 that earns 8% and that she rolls over quarterly. If she decides to deposit an additional $100 every quarter, how much will the CD be worth in 5 years.
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Peggy has a bank Certificate of Deposit with current balance of $2000 that earns 8% and that she rolls over quarterly. How much will the CD be worth in 5 years?
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