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You have $5500 to invest. The bank will pay you 0.45% per annum. If you place your money for 1 year 6 months in this CD, what do you expect to get back at the end of the period?

 Mar 28, 2019
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fv=5500(1+0.45)1.5=$5537.17

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 Mar 28, 2019

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