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6 . Certificate of Deposit A CD is bought for $ 2 5 0 0 and held 3 years until maturity. What is the future

6 .

Certificate of Deposit A CD is bought for $

2500

and held

3

years until maturity. What is the future value of the

C D

at the end of the

3

years if it earns interest compounded quarterly at a nominal rate of

6.6 % ?

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