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Carlo invested $2971.00 in a 242-day term deposit at 6.53% p.a. Using the future value formula, S = P(1 + it), determine how much the

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Carlo invested $2971.00 in a 242-day term deposit at 6.53% p.a. Using the future value formula, S = P(1 + it), determine how much the investment will be worth at maturity. The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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