A recent high school graduate received $600 in gifts of cash from friends and relatives. In addition, she received three scholarships in the amounts of $250, $300, and $1500. If she takes all her gift and scholarship money and invests it in a 24-month CD paying 4% interest compounded daily, how much will the graduate have when she cashes in the CD at the end of the 24-months? The graduate will have $ when she cashes in the CD. (Round to the nearest cent as needed.)
A recent high school graduate received $600 in gifts of cash from friends and relatives. In addition, she received three scholarships in the amounts of $250, $300, and $1500. If she takes all her gift and scholarship money and invests it in a 24-month CD paying 4% interest compounded daily, how much will the graduate have when she cashes in the CD at the end of the 24-months? The graduate will have $ when she cashes in the CD. (Round to the nearest cent as needed.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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