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5. (10 points) You must keep some of the $30,000 for savings. How will you invest it? CD or saving account? Report the compounding periods

5. (10 points) You must keep some of the $30,000 for savings. How will you invest it? CD or saving account? Report the compounding periods for both the CD and the saving account. Determine the amount of interest you will earn annually. Determine the Annual Percentage Yield of the investment.

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