Suppose you have $ 7 5 0 0 and plan to purchase a 1 5 - year
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Question:
Suppose you have $ and plan to purchase a year certificate of deposit CD that pays interest, compounded annually. How much will you have when the CD matures?
Write your answers using decimals.
Expert Answer:
Answer rating: 100% (QA)
So when the CD matures you will have 2569921 To calculate the future value of the certificate o... View the full answer
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