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7. CapitolOne offers a 5-year certificate of deposit (CD) that earns 2.00% compounded monthly. If $5,000 is invested in this CD, how much will it

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7. CapitolOne offers a 5-year certificate of deposit (CD) that earns 2.00% compounded monthly. If $5,000 is invested in this CD, how much will it be worth once it is completed? CD's generally have very low interest rates and are risk free. Would you consider this to be an ideal approach for increasing your wealth? Why or why not? Round your final answer to two decimal places. (5 Points

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