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2) What will be the maturity value of $250,000 placed in a 9-month term deposit paying an interest rate of 5.5%, compounded monthly? I/Y P/Y

2) What will be the maturity value of $250,000 placed in a 9-month term deposit paying an interest rate of 5.5%, compounded monthly? I/Y P/Y C/Y N PV PMT FV

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