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DSQ: Calculating compound interest Practice Test
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Q1
Tyler invests $20,000 in a certificate of deposit that draws compound interest. How frequently is the interest compounded - monthly, bimonthly, or quarterly?
Statement 1: The certificate draws 3.15% annual compound interest.
Statement 2: The certificate draws $638.33 the first year.
Tyler invests $20,000 in a certificate of deposit that draws compound interest. How frequently is the interest compounded - monthly, bimonthly, or quarterly?
Statement 1: The certificate draws 3.15% annual compound interest.
Statement 2: The certificate draws $638.33 the first year.
years from today to start a business. After talking to an investment banker, Jenna is assured to gain an annually compounded interest of 
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