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Problem 5.02 (Excel Video) Ted Rogers is investing $7,500 in a bank CD that pays a 6 percent annual interest. How much will the CD

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Problem 5.02 (Excel Video) Ted Rogers is investing $7,500 in a bank CD that pays a 6 percent annual interest. How much will the CD be worth at the end of five years? (Do not round intermediate calculations and round your final answer to the nearest penny.)

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