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D. A bank is offering a five-year term deposit that will pay 9% per annum compounded quarterly. If $180 000 was invested in this term

D. A bank is offering a five-year term deposit that will pay 9% per annum compounded quarterly. If $180 000 was invested in this term deposit:

how much money will you have at the end of four years?

ii.what is the EAR?

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