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CD question?

if a person were to place 10000 in a 32 days CD with an apy of 1.5%, how much interest is that person going to get?

2007-01-05 08:24:39 · 2 answers · asked by why? 2 in Business & Finance ➔ Investing

2 answers

13.15

principal x time x rate

principal = 10,000
time = .0877 (32/365)
rate = .015

2007-01-05 08:31:15 · answer #1 · answered by Economics Guy 3 · 1⤊ 0⤋

3 dollars

2007-01-05 16:28:09 · answer #2 · answered by Bob 1 · 0⤊ 0⤋

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