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A certificate of deposit ( CD ) is similar to a savings account, but deposits are generally held to maturity. They usually offer higher rates
A certificate of depositCD is similar to a savings account, but deposits are generally held to maturity. They usually offer higher rates than savings accounts because they "tie up money for a period of time and often require a minimum deposit. A year CD at a certain bank has a nominal rate of and an effective annual yield of
If $ is deposited with this bank, how much will be in the account at the end of the years
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