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Question 3. Bob has just placed $5,000 in a four-year certificate of deposit (CO) that pays 4% compounded annually for each of the first two

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Question 3. Bob has just placed $5,000 in a four-year certificate of deposit (CO) that pays 4% compounded annually for each of the first two years, and then 8% compounded annually for years 3 and 4. How much will Bob recelve when the CD matures in four years? O a. $5,849 Ob. $6,308 O c. $6,312 O d. $6,326 e. $6,802

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