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Five years ago you bought a $5,000 certificate of deposit paying 6% per year, compounded daily. That CD is about to mature, and your banker
Five years ago you bought a $5,000 certificate of deposit paying 6% per year, compounded daily. That CD is about to mature, and your banker tells you that the CD is now worth $6,500. How can you check to see if your banker is correct?
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