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eBoo Problem 7-01 You invest $2,000 in a certificate of deposit that matures after eight years and pays 6 percent interest, which is compounded annually
eBoo Problem 7-01 You invest $2,000 in a certificate of deposit that matures after eight years and pays 6 percent interest, which is compounded annually until the certificate matures. Use Appendix A to answer the questions. Round your answers to the nearest dollar. a. How much interest will you eam if the interest is left to accumulate? $ b. How much interest will you earn if the interest is withdrawn each year? $
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