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Algebra
Question

Elizabeth Dungle put \( \$ 4,000 \) of her divorce...

Elizabeth Dungle put \( \$ 4,000 \) of her divorce settlement in a \( 5 \) -year CD that paid \( 6 \% \) compounded daily. Find the compound amount and interest at the end of \( 5 \) years. (Use exact year calculation or \( 365 \) days per year). 

Compound amount is \( \$ 5,399,30 , \) interest is \( \$ 1,399.30 \) 

Compound amount is \( \$ 2,000 \) , interest is \( \$ 6,000 \) 

Compound amount is \( \$ 6,000 , \) interest is \( \$ 2,000 \) 

Compound amount is \( \$ 1,399.30 \) , interest is \( \$ 5,399,30\) 

Answer

A = $5399.30  interest rate $1399.30

Solution
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