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Suppose you currently have $100 and plan to purchase a 2-year certificate of deposit (CD) that pays 5% Interest, compounded semi-annually. How much will you
Suppose you currently have $100 and plan to purchase a 2-year certificate of deposit (CD) that pays 5% Interest, compounded semi-annually. How much will you have when the CD matures? (Round final answer to 2 decimal places. Omit the "$" sign in your response.)
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