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Your parents gave you $1,000 for your sweet 16th birthday. You want to deposit it in a CD account that is earning 6% annually. Calculate

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Your parents gave you $1,000 for your sweet 16th birthday. You want to deposit it in a CD account that is earning 6% annually. Calculate how much your gift will be worth when you graduate from college on your 22nd birthday using the following methods: (LO 2-3) a. Long-hand formula b. Reference table c. Financial calculator

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