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Total interest earned on csb by time selma

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On February 1, 2014, Selma purchased a $61,000 compound-interest CSB. The interest rate on the CSB was 1.55% for each of the first two years and 2.730% for the third year. What was the total interest earned on the CSB by the time Selma redeemed the bond on April 1, 2016?

Reference no: EM132466246

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