John Alexander is considering putting money into the following investments: a. A $10,000.00, five-year certificate of deposit
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John Alexander is considering putting money into the following investments:
a. A $10,000.00, five-year certificate of deposit earning 4.5% interest compounded annually
b. A $2,500.00, seven-year certificate of deposit earning 5.0% interest compounded annually Instructions:
1. Determine the future value of each certificate of deposit.
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