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A bank is advertising the following 1-year CDs: ASSUME AN INITIAL INVESTMENT OF $10,000 (b) How much interest will a CD with an APR

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A bank is advertising the following 1-year CDs: ASSUME AN INITIAL INVESTMENT OF $10,000 (b) How much interest will a CD with an APR of 1.93% compounded daily earn in 1 year? (Round you answer to 2 decimal places)

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