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How much will the investment be worth at the end fifth year

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Reference no: EM131556864

Question: CDS 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 yr. How much will the investment be worth at the end of 5 yr?

Reference no: EM131556864

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