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Can you complete the sentence? You can invest $10,000 in a certificate of deposit (CD) offered by your bank. The CD is for 5 years and the bank quotes you a rate of 4.5%. How much will you have in 5 years if the 4.5% is ____________.
A. An EAR.
B. A quarterly APR.
C. A monthly APR.

Asked by M.n.rajpoot, Last updated: Sep 08, 2020

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