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need answer You currently own three term deposits of $2.000 each. The first was bought five years ago, pays 6.5% compounded annually and matures in
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You currently own three term deposits of $2.000 each. The first was bought five years ago, pays 6.5% compounded annually and matures in two years time. The second was purchased three years ago. pays 5.1. compounded annually and matures in one year. The third was purchased last year pays 4. interest and matures in five years. As they mature, they will be invested in a special savings account that will pay 3.5% compounded annually. How much will you have in seven years timeStep by Step Solution
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