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Stephen is considering investing money in a certificate of deposit CD that offers an annual...

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Basic Math

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Stephen is considering investing money in a certificate of deposit CD that offers an annual interest rate of 2 1 compounded monthly a Let P represent the initial amount in dollars that Stephen will invest Which expression represents the amount of money in the account after t yea b Stephen decides to invest 2 000 in the CD How much will the investment be worth in 5 years Enter your answer to the nearest cent 69 P 1 021 2t OP 1 00175 2t OP 1 0175 12t OP 1 175 12t

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