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Mathematics, 26.04.2021 23:30 BigDough9090

Suppose it were possible to invest $4,500 in a four-year Certificate of Deposit that pays an annual percentage rate of 3.5 percent. a.) What is the value of the Certificate of Deposit if the interest is compounded quarterly?

b.) What is the value of the Certificate of Deposit if the interest is compounded monthly?

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