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1. ABC Bank offers a certificate of deposit (CD), where you deposit money and are required to leave it in the account for a set

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1. ABC Bank offers a certificate of deposit (CD), where you deposit money and are required to leave it in the account for a set amount of time. You will be penalized if you withdraw your money from it early. Suppose you want to deposit $6,000 in a 5-year CD where interest is accrued daily (1 year = 365 days). (a) How much money will you have in the account after 5 years if the APR is 2.15%? Round your final answer to 2 decimals. (b) What is the annual percentage yield (APY) on this account? Round your final answer to 2 decimals

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