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You invest in a five year annuity due that pays $ 2 0 0 each year, assuming an interest rate of 5 % . On
You invest in a five year annuity due that pays $ each year, assuming an interest rate of On the same day that you receive the final payment, you invest the total amount of money including the interest earned on interest in a CD that generates a year, for four years. What is the value of your investment when the CD matures ie after holding the CD for four years? Round to the nearest cent.
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