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On January 1, 2022, Austin Corporation invests $250,000 in a 5 year certificate of deposit (CD) that pays 12% interest compounded quarterly. How much

On January 1, 2022, Austin Corporation invests $250,000 in a 5 year certificate of deposit ("CD") that pays 12% interest compounded quarterly. How much will Austin Corporation's investment be worth at the end of the CD term? Use the appropriate future value factor tables to answer the question and round the answer to the nearest dollar.

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