Suppose you have $ 7 5 0 0 and plan to purchase a 1 5 year certificate of deposit ( CD ) that pays 0 0 7 interest, compounded annually How much will you have when the CD matures Write your answers using 2 decimals

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Suppose you have $ 7 5 0 0 and plan to purchase a 1 5 - year certificate of deposit ( CD ) that pays

Suppose you have $

7500

and plan to purchase a

15 -

year certificate of deposit

(

)

that pays

0.07

interest, compounded annually. How much will you have when the CD matures?

Write your answers using

2

decimals.

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So when the CD matures you will have 2569921 To calculate the future value of the certificate o... blur-text-image

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