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Which of the following bank certificates of deposit (CD) will give you the highest future value for a given investment over 5 years? A CD

Which of the following bank certificates of deposit (CD) will give you the highest future value for a given investment over 5 years?

A CD paying 4.5% nominal annual interest with quarterly compounding.

O A CD paying 4.0% nominal annual interest with annual compounding.

A CD paying 4.5% nominal annual interest with semi-annual compounding.
A CD paying 4.0% nominal annual interest with quarterly compounding.

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