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1. You currently have AED40,000 and plans to purchase a 5-year certificate of deposit (CD). e. How much will you have when the CD matures

1. You currently have AED40,000 and plans to purchase a 5-year certificate of deposit (CD).

e. How much will you have when the CD matures if you purchase a 10-year CD that pays 7% interest, compounded annually?

f. Do you observe any relationship between the period of investment and the future value?

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