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4. An investor is looking for a short term investment to yield $5000 over 3 years at an annual rate of 3% with daily compounding

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4. An investor is looking for a short term investment to yield $5000 over 3 years at an annual rate of 3% with daily compounding in a money market account. How much needs to be invested? 5. Darla's uncle is a dentist and wants to invest a lump sum to go toward her college expenses in 12 years. He has an agreement with the bank to invest in a CD at 7.75% APR for that time with monthly compounding. How much does he need to invest to ensure $20000 is available for her to use for college

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