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Answer the following questions, make sure to show all work, and answer in context to the problem.Ricky Bobby deposits $10,000 in a CD that pays 4.75% interest, compounded monthly. What is his balance after 20 years?WorkSentenceJerome deposits $3,700 in a certi?cate of deposit that pays 612 % interest, compounded annually. How much interest does Jerome earn in four years?WorkSentenceJanine opens a savings account with a deposit of $720. The account pays 5.4% interest, compounded daily. How much interest does Janine earn in one year?WorkSentenceMike deposits $5,000 in a three-year CD account that yields 2.9% interest, compounded weekly. What is his ending balance at the end of three years?WorkSentencePierre deposits $9,000 in a certi?cate of deposit that pays 8% interest, compounded semiannually.What is the balance after six years?WorkSentenceHow much interest does the account earn after six years?WorkSentenceLiam deposits $3,500 in a saving account that pays 714 % interest, compounded quarterly.What is the balance after 10 years?WorkSentenceHow much interest does the account earn after 10 years?WorkSentence ................
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