Imagine you have $4000 to invest and you need this money to grow to $5000 by investing

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Imagine you have $4000 to invest and you need this money to grow to $5000 by investing in a CD. Contact a local bank or credit union to obtain the following CD information: the interest rate, the length of the term, and the number of times per year the CD is compounded. Determine how long it would take you to reach your goal with the institution selected. Write a report summarizing your findings.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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