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Your bank is offering the following certificates of deposit: - 1 year term at 1.5% nominal interest compounded quarterly -3 year term at 2% nominal

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Your bank is offering the following certificates of deposit: - 1 year term at 1.5% nominal interest compounded quarterly -3 year term at 2% nominal interest compounded quarterly -5 year term at 2.5% nominal interest compounded quarterly You plan on investing 10,000 in some combination of these CD's for a total of six years. If you are not allowed to withdraw money early from any CD, and your money can only be in one CD at a time, find the maximum amount of money you will have at the end of 6 years

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