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your birthday is coming up and instead of any presents, your parents promised to give you 2000 in cash. since you have a part time
your birthday is coming up and instead of any presents, your parents promised to give you 2000 in cash. since you have a part time job and, thus, don't need the cash immediately, you decided to invest the money in a bank term deposit that pays 5 percent annual interest rate. Interest rate is compounded quarterly for the next two years, How much money will you have at the end of two years?
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