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Corporate Finance Assignment/ Professional Essay Writers

Suppose that​ $6,500 is invested in a 5​-year CD with an APY of 2.3​%. Recall that this means the money must be left with the bank for 5 years, and they will guarantee an annual rate of return of 2.3% with compounding interest. Complete parts​ (a) through​ (c) below.

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Gibbs' reflective cycle in nursing

(a) The corresponding APR is?

(b) How much is the investment worth after 2 ​years?

After 2​years, the investment is worth ​$.

(c) How much is the investment worth after 5 years?

After five years, the investment is worth.  Get Finance Help Today

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