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The manager of a money - market fund has invested $ 4 . 2 million in certificates of deposit that pay interest at the rate
The manager of a moneymarket fund has invested $ million in certificates of deposit that pay interest at
the rate of per year compounded quarterly over a period of years. How much will the investment be
worth at the end of years?
a Future Value with compound interest
b Present Value with compound interest
c Future Value of an Annuity
d Present Value of an Annuity
e Sinking Fund
f Amortization
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