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Future value: Your birthday is coming up and instead of any presents, your parents promised to give you $1,000 in cash. Since you have a

Future value: Your birthday is coming up and instead of any presents, your parents promised to give you $1,000 in cash. Since you have a part-time job and, thus, dont need the cash immediately, you decide to invest the money in a bank CD that pays 5.2 percent annually, compounded quarterly for the next two years. How much money can you expect to gain in this period of time?

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