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Paul invests $ 1 0 0 , 0 0 0 in a 3 - year certificate of deposit earning 3 . 5 % at his
Paul invests $ in a year certificate of deposit earning at his local bank: Which time value concept would be used to determine the maturity value of the certificate?
Present value of one
Future value of one
Present value of an annuity due
Future value of an ordinary annuity
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