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Compute how much money will have in account after one year

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Reference no: EM132721573

Problem 1: You invest $100 into a CD offering 5% APR with semi-annual compounding (i.e., two times per year). How much money will you have in the account after 1 year?

Option 1: 118.54

Option 2: 125.32

Option 3: 105.06

Option 4: 120.00

Reference no: EM132721573

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