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Your birthday is next week and instead of other presents, your parents promised to give you $1,900 in cash. Since you have a part-time Job
Your birthday is next week and instead of other presents, your parents promised to give you $1,900 in cash. Since you have a part-time Job and, thus, don't need the cash Immedlately, you declde to invest the money in a bank CD that pays 5,0 percent, compounded quarterly, for the next two years. How much money can you expect to earn in this period of time? (Round intermediate calculations to 6 decimal places, eg. 2.512512 and final answer to 2 decimal places, eg. 2,515.25.) Expect to earn
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