The manager of a money market fund has invested $4.2 million in certificates of deposit that pay interest at the...

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The manager of a money market fund has invested $4.2 million in certificates of deposit that pay interest at the rate of 5.4%/year compounded quarterly over a period of 5 years. How much will the investment be worth at the end of 5 years?

    • 9 years ago
    • 999999.99
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