12. Leslie deposited $3000 into a CD and is earning 5% interest, compounded quarterly. What will be the value of the CD after 10 years?

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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12. Leslie deposited $3000 into a CD and is earning 5% interest, compounded quarterly. What
will be the value of the CD after 10 years?
Transcribed Image Text:12. Leslie deposited $3000 into a CD and is earning 5% interest, compounded quarterly. What will be the value of the CD after 10 years?
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