Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) tha

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May 10, 2012, 10:07 AM

Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) tha

Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 4.0% interest, compounded quarterly. How much will you have when the CD matures?

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