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6. An online-only bank currently offers a 10-year CD (certificate of deposit) paying compound interest rate of 0.2% per month. If you purchase an amount

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6. An online-only bank currently offers a 10-year CD (certificate of deposit) paying compound interest rate of 0.2% per month. If you purchase an amount of $1,000 CD today. How much will you get 10 years later? Use the formula to find the answer. Check your answer: You will get $1,270.94 10 years later (15 points) Show your calculation to get full points

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