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Future value (with changing years).Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $6,500 for his

Future value (with changing years).Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has

$6,500

for his CD investment. If the bank is offering a

4%

interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks aa.

two-year

investment period?b.

five-year

investment period?c.

ten-year

investment period?d.

twenty-year

investment period?

a. How much will the

$6,500

CD investment at

4%

interest rate be worth at maturity if Jonathan picks a

2-year

investment period?

$nothing

(Round to the nearest cent.)b. How much will the

$6,500

CD investment at

4%

interest rate be worth at maturity if Jonathan picks a

5-year

investment period?

$nothing

(Round to the nearest cent.)c.How much will the

$6,500

CD investment at

4%

interest rate be worth at maturity if Jonathan picks a

10-year

investment period?

$nothing

(Round to the nearest cent.)d.How much will the

$6,500

CD investment at

4%

interest rate be worth at maturity if Jonathan picks a

20-year

investment period?

$nothing

(Round to the nearest cent.)

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