In Problems 20-52: a. State the type; and (mathbf{b}). Answer the question. Find the value of a
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In Problems 20-52:
a. State the type; and \(\mathbf{b}\). Answer the question.
Find the value of a \(\$ 1,000\) certificate in \(2 \frac{1}{2}\) years if the interest rate is \(2 \%\) compounded monthly.
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