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can you show me how to set this up on excel? also what is the question asking me solve? Q5. Brennan Brupbacher (F382, Sp'10) recently
can you show me how to set this up on excel? also what is the question asking me solve?
Q5. Brennan Brupbacher (F382, Sp'10) recently received a five-figure inheritance due to the unfortunate death of a favourite relative. He has used this inheritance to invest in a low-risk, four-year First Guaranty Bank Certificate of Deposit, earning 3.25%, which is compounded bi-weekly. If this CD will be worth $62,630.48 at the end of the investment term, what is the initial amount Brennan has deposited into this account? Answer: $55,000.00 Step by Step Solution
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