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Bank ABC offers a 10 -year CD that pays a 5.0% interest compounded annually. Bank XYZ also offers a 10 -year CD that pays 4.95%

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Bank ABC offers a 10 -year CD that pays a 5.0% interest compounded annually. Bank XYZ also offers a 10 -year CD that pays 4.95% interest compounded daily. How much would a $1,000 initial investment in each bank's CD be worth at maturity? Bank ABC: Bank XYZ: (Enter answer in the form: $x,xx.xx )

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