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    Introduction to Engineering Study Set 2
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    Exam 20: Engineering Economics
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    If You Deposit $5,000 into a 6-Month CD (Certificate of Deposit)
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If You Deposit $5,000 into a 6-Month CD (Certificate of Deposit)

Question 16

Question 16

Essay

If you deposit $5,000 into a 6-month CD (certificate of deposit) that pays 7.5% APR
compounded quarterly, what is its value at maturity?

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