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Use the given information to determine the future value of the CD when it matures, assuming the minimum amount is invested. (Round your answer to
Use the given information to determine the future value of the CD when it matures, assuming the minimum amount is invested. (Round your answer to two decimal places.)
$_____________
Institution First Arizona Savings
Maturity 3 years
Nominal Rate 4.91%
Compounding Method quarterly
Minimum Investment $500
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