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What will be the value of the investment in two years

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Reference no: EM132488313

Problem 1: Your brother has asked you to help him with choosing an investment. He has $6,600 to invest today for a period of two years. You identify a bank CD that pays an interest rate of 0.0400 annually with the interest being paid quarterly. What will be the value of the investment in two years? Round to two decimal places.

Reference no: EM132488313

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