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Your brother has asked you to help him with choosing an investment. He has $5000 to invest today for a period of two years. You
Your brother has asked you to help him with choosing an investment. He has $5000 to invest today for a period of two years. You identify a bank certificate of deposit that pays an interest rate of 4.25 percent with the interest being paid quarterly. What will be the value of the investment in two years?
can't figure this one out.
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