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If Lamar received a$1500bonus and he decides to invest it in a5-year certificate of deposit (CD) with an annual interest rate of1.46%compounded quarterly. 1. Assuming

If Lamar received a$1500bonus and he decides to invest it in a5-year certificate of deposit (CD) with an annual interest rate of1.46%compounded quarterly.

1. Assuming no withdrawals are made, how much money is in Lamar's account after

5years?

2. How much interest is earned on Lamar's investment after5years?

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