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probability A. Suppose that Bank A pays 3.69% interest compounded quarterly on an 8-year CD, while Bank B pays 3.68% compounded daily. a. What are

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A. Suppose that Bank A pays 3.69% interest compounded quarterly on an 8-year CD, while Bank B pays 3.68% compounded daily. a. What are the effective rates for the two CD3? Use a 365-day year. b. Suppose $5000 was invested in each of these accounts. Find the compound amount after eight years for each account. B. A company will need $50,000 in 7 years for a new addition. To meet this goal, the company deposits money in an account today that pays 12% annual interest compounded quarterly. Find the amount that should be invested to total $50,000 in 7 years. C. Find the future value of the ordinary annuity. Interest is compounded annually. R=3000; i=0.05; n=15 D. Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R=9,100; 6% interest compounded semiannually for 4 years

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