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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 $9,500 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 $9,500 for his CD investment. If the bank is offering a 3.5% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a
a. three-year investment period?
b.five-year investment period?
c.ten-year investment period?
d.fifteen-year investment period?
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