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01-06-2023
Mathematics

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D. The Nakatas have $30,000 they want to invest in a certificate of
deposit. They can purchase a 4-year certificate from Citizens
Bank that earns interest at a rate of 3.75% compounded quarterly
or a 4-year certificate from F&M Bank that earns interest at a rate
of 3.75% compounded daily.
a. What is the maturity value of the CD from Citizens Bank?
b. What is the maturity value of the CD from F&M Bank?
c. What is the difference in the maturity values of the
two certificates?

D The Nakatas have 30000 they want to invest in a certificate of deposit They can purchase a 4year certificate from Citizens Bank that earns interest at a rate class=

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