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When Keo opened a CD at Shinglehouse National Bank he was told that the APY was 6 . 5 9 % . Interest compounds daily.

When Keo opened a CD at Shinglehouse National Bank he was told that the APY was 6.59%. Interest compounds daily. He deposited $40,000 and the CDs term was 3 years. What will the CDs value be at maturity?

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