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help me solve ALL quick plss Suppose that $5,000 is invested in a 3-month CD with an APY of 1.3%. Complete parts (a) through (d)
help me solve ALL quick plss
Suppose that $5,000 is invested in a 3-month CD with an APY of 1.3%. Complete parts (a) through (d) below. (a) What is the corresponding APR? The corresponding APR is %. (Simplify your answer. Round to three decimal places as needed.) (b) How much is the investment worth after 3 months? After 3 months, the investment is worth S (Simplify your answer. Round to two decimal places as needed.) (c) How much is the investment worth after 1 year? Assume that the entire amount is left in the CD to be compounded. After 1 year, the investment is worth (Simplify your answer. Round to two decimal places as needed.) (d) How much is the investment worth after 5 years? Assume that the entire amount is left in the CD to be compounded. After 5 years, the investment is worth $ (Simplify your answer. Round to two decimal places as needed.)Step by Step Solution
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