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Mathematics, 05.05.2020 13:18 gl0man

Kim invested $2500 into a 1-year certificate of deposit at an annual interest rate of 2.7% and compounded quarterly. At the end of the year, she re-invested the new amount in a certificate of deposit at an annual interest rate of 4.3% and compounded quarterly. (a) What was the value of Kim’s investment after the first year? (b) What was the value of Kim’s investment after two years?

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Kim invested $2500 into a 1-year certificate of deposit at an annual interest rate of 2.7% and compo...
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