Your aunt is planning to invest in a bank CD that will pay 7.5 percent interest semiannually.

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Your aunt is planning to invest in a bank CD that will pay 7.5 percent interest semiannually. If she has $5,000 to invest, how much will she have at the end of four years?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 08, 2012 01:22 AM

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Your aunt is planning to invest in a bank CD that will pay 7.5 percent interest semiannually.

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Amount invested today PV 5000 Return exp...View the full answer

Fundamentals of corporate finance

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