Marcus receives an inheritance of $6500. He decides to invest this money in a 5-year certificate of

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Marcus receives an inheritance of $6500. He decides to invest this money in a 5-year certificate of deposit (CD) that pays 1.86% interest compounded semiannually. How much money will Marcus receive when he redeems the CD at the end of the 5 years?

If necessary, round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.

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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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Question Posted: Jan 28, 2019 05:44 AM

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Marcus receives an inheritance of $6500. He decides to invest this money in a 5-year certificate of

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A Survey of Mathematics with Applications

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