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PLEASE INCLUDE THE FINANCIAL FORMULA FROM EXCEL IF YOU CAN! 1. Your bank offers a 5-year certificate of deposit (CD) that pays 2.75% interest, compounded

image text in transcribed PLEASE INCLUDE THE FINANCIAL FORMULA FROM EXCEL IF YOU CAN!

1. Your bank offers a 5-year certificate of deposit (CD) that pays 2.75% interest, compounded semi-annually. If you invest $5,000 in the CD today, how much will you have when it matures in 5-years? 2. Your bank offers a 5-year certificate of deposit (CD) that pays 2.75% interest, compounded quarterly. If you invest $5,000 in the CD oday, how much will you have when it matures in 5-years

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