Refer to Problem 49. The following rates for 60-month certificates of deposit were also taken from BanxQuote

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Refer to Problem 49. The following rates for 60-month certificates of deposit were also taken from BanxQuote Web sites:
(A) Oriental Bank & Trust, 5.50% compounded quarterly
(B) BMW Bank of North America, 5.12% compounded monthly
(C) Bank First Corporation, 4.86% compounded daily Compute the value of $10,000 invested in each account at the end of 5 years.
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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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