How much will he have once the cd matures

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Jared wants to build a college fund for his kids using the $4,500 he has today (PV). He can purchase a Certificate of Deposit that earns 7% annually and matures in 18 years. Get the instant assignment help. How much will he have once the CD matures if he takes this option? This CD compounds monthly.

Reference no: EM133982660

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