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5 You currently own three term deposits of $2,000 each. The first was bought five years ago, pays 6.5% compounded annually and matures in two
5 You currently own three term deposits of $2,000 each. The first was bought five years ago, pays 6.5% compounded annually and matures in two years time. The second was purchased three years ago, pays 5.1% compounded annually and matures in one year. The third was purchased last year pays 4% interest and matures in five years. As they mature, they will be invested in a special savings account that will pay 3.5% compounded annually. How much will you have in seven years time
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