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Assume a six-month CD purchased for $5000 pays simple interest at an annual rate of 9.5%. How much interest does it earn? 4. Assume a 30-month CD purchased for $2500 pays simple interest at an annual rate of ... What is the future value of a 5-year investment of $3000 at an APR of 7% compounded monthly? 8. What is the present value of an ... ................
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