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Question: O 2 points 116, 1.025, Bill Casler bought a $4000, 9-month certificate of deposit (cD) that would…
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Question: O 2 points 116, 1.025, Bill Casler bought a $4000, 9-month certificate of deposit (cD) that would...

Show transcribed image text o 2 points 116, 1.025, Bill Casler bought a $4000, 9-month certificate of deposit (cD) that would earn 8% annual simple interest. Three months before the cD was due to mature, Bill needed his cD money, so a friend agreed to lend him money and receive the value of the cD when it matured. (a) What is the value of the CD when it matures? (b) If their agreement allowed the friend to earn a 10% annual simple interest return on his loan to Bill, how much did Bill receive from his friend? (Round your answer to the nearest cent.) Need Help? L Read It O+ 11 points I Previous Answers HarMathAp 11 6.1.051 starting salary suppose you are offered two identical jobs: one paying a starting salary of s41,000 with yearly raises of $3000 and one paying a o

o 2 points 116, 1.025, Bill Casler bought a $4000, 9-month certificate of deposit (cD) that would earn 8% annual simple interest. Three months before the cD was due to mature, Bill needed his cD money, so a friend agreed to lend him money and receive the value of the cD when it matured. (a) What is the value of the CD when it matures? (b) If their agreement allowed the friend to earn a 10% annual simple interest return on his loan to Bill, how much did Bill receive from his friend? (Round your answer to the nearest cent.) Need Help? L Read It O+ 11 points I Previous Answers HarMathAp 11 6.1.051 starting salary suppose you are offered two identical jobs: one paying a starting salary of s41,000 with yearly raises of $3000 and one paying a o

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