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You invest in a bank CD that pays 12% per year where interest is paid monthly. Your initial investment is $5,000. How much money will

You invest in a bank CD that pays 12% per year where interest is paid monthly. Your initial investment is $5,000. How much money will you have in 10 years if you contribute $2,000 per year (at the end of the year) to your account? Assume the annual rate of return does not change.

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