How to Calculate CD Interest

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If the first thing that springs to mind when you hear the letters CD is a CD-ROM, you might have a lot of questions about what a certificate of deposit (CD) is, how they work, and how much money you could earn in interest. Rest assured: you’re in the right place!

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SOLVED: If Third National Bank has a 5 year CD at 4.5% interest compounded monthly, use the compound interest formula to calculate the compound amount (in ) of this offer.

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