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Problem 7-01 You invest $2,000 in a certificate of deposit that matures after twelve years and pays 6 percent interest, which is compounded annually until

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Problem 7-01 You invest $2,000 in a certificate of deposit that matures after twelve years and pays 6 percent interest, which is compounded annually until the certificate matures. Use Appendix A to answer the questions. Round your answers to the nearest dollar. a. How much interest will you earn if the interest is left to accumulate? b. How much interest will you earn if the interest is withdrawn each year? $

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