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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 money-market fund has invested $4.2 million in certificates of deposit that pay interest at
the rate of 5.4% per year compounded quarterly over a period of 5 years. How much will the investment be
worth at the end of 5 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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