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DeMarcus receives an inheritance of $ 6 comma 0 0 0 . He decides to invest this money in a 1 6 - year certificate

DeMarcus receives an inheritance of

6

comma

000 .

He decides to invest this money in a

16 -

year certificate of deposit

(

)

that pays

3.5 %

interest compounded monthly. How much money will Marcus receive when he redeems the CD at the end of the

16

years

?

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