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(1 point) (Exercise 2.27) A bank offers the following certificates of deposit (CDs): Nominal annual interest rate The bank does not permit early withdrawal, and

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(1 point) (Exercise 2.27) A bank offers the following certificates of deposit (CDs): Nominal annual interest rate The bank does not permit early withdrawal, and all CDs mature at the end of the term. During the next six years the bank will continue to offer these CDs. An investor deposits $1500 in the bank. Calculate the maximum amount that can be withdrawn at the end of six years ANSWER =$

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