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Question 2 2 pts Wk3Hw_FV1 John has $18,120 to invest in a bank certificate of deposit for 8 years. The bank is paying 0.06 interest
Question 2 2 pts Wk3Hw_FV1 John has $18,120 to invest in a bank certificate of deposit for 8 years. The bank is paying 0.06 interest per year compounded annually. How much will John's investment be worth at the end of the 8 year period? (round to 2 decimal places) Use the correct formula from below to solve this problem. **(1+r)^n X+(CF/(1+r)^1)+(CF/(1+r)^2)+(CF/(1+r)^3)+(CF/(1+r)^4).... x+SQRT(1-rn) Wk3Hw_FV1
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