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02-06-2023
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You walk into the bank and see a sign advertising a CD special-this week only. It offers 5.5% per year on any investment of 4 years. You check your bank account balance and decide you can afford to invest $500 and you buy the CD (spend the $500 on a CD). What is the total value of the account (including interest) after 4 years? Assume re-investment of interest each year.

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