Alexandra wants to buy a CD for $400 that earns 4% APR and is compounded
quarterly for 3 years...
Mathematics, 10.04.2020 02:06 jaylinperez9123
Alexandra wants to buy a CD for $400 that earns 4% APR and is compounded
quarterly for 3 years. She will be taxed on 20% of the interest that she earns.
What is the total amount of interest Alexandra will earn, after taxes?
O
A. $12.99
O B. $40.58
O C. $50.73
O D. $16.24
Answers: 1
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