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Question 1 Your mother gives you $5,000. You buy a Certificate of Deposit (CD) that pays 5% 51 point annually and must be held for
Question 1 Your mother gives you $5,000. You buy a Certificate of Deposit (CD) that pays 5% 51 point annually and must be held for 3 years. If you were asked to calculate how much money you would have after 3 years, which of the following values are you looking for? Amount of Time Present Value Future Value 61 point What is the NPER? 5 years 1 year 3 years 7 1 point How much money will you have at the end of the three years? $5,201.83 $5,788.13 $5,500.21 $5,000
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