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Minh has just received an inheritance from her grandfather s estate. She will be entering college in 3 years and wants to immediately purchase three
Minh has just received an inheritance from her grandfathers estate. She will be entering college in years and wants to immediately purchase three compound interest investment certificates having the following maturity values and dates: $ at the beginning of her first academic year, $ at the beginning of her second year, and $ at the beginning of her third year. She can obtain interest rates of compounded semiannually for any terms between three and five years, and compounded quarterly for terms between five and seven years. What principal amount should she invest in each certificate?
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