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July 22, 2014

Homework Help: bussiness fianace.

Posted by Anonymous on Tuesday, August 21, 2012 at 12:05pm.

You deposit $5,000 into a 3-year certificate of deposit account that pays an annual compound interest of 3.0%. When the CD period is up, you roll the entire balance over into another 3-year CD paying 3.5%. How much will you have at the end of 6 years?

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