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What is the future value of a Certificate Deposit in two years from now if you deposit $800 today assuming the interest rates are 0.5%
What is the future value of a Certificate Deposit in two years from now if you deposit $800 today assuming the interest rates are 0.5% during the first year and 10% during the second year?
- A. $692.64
- B. $723.65
- C. $824.23
- D. $884.40
- E. $924
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