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2 years ago

6

Alejandro put some money in a 1-year cd that compounds interest monthly, and he made $56.24 in interest the first month. if the

interest rate of the cd stays the same, how much will he make in interest the second month?

1 answer:

antiseptic1488 [7]2 years ago

8 0

<span>Since it is compound interest, the interest for the next month WILL BE MORE THAN $56.24 </span>More than $56.24

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