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1 1 . A depositor put $ 3 0 , 0 0 0 in a 4 - year CD at a nominal rate of 9

11. A depositor put $30,000 in a 4-year CD at a nominal rate of 9.00%. What is the EAR for each compounding scenario and what is the amount saved at the end of each four year period?
CF Timeline:
a. Semi-annual compounding. EAR and FV?
b. Monthly compounding. EAR and FV?

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