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21-09-2017
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Alejandro put some money in a 1-year cd that compounds interest monthly, and he made $56.24 in interest the first month. if the interest rate of the cd stays the same, how much will he make in interest the second month?

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28-09-2017

Since it is compound interest, the interest for the next month WILL BE MORE THAN $56.24 More than $56.24

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