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How much will have earned at the end of five years

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Question 1. Carmen Sepúlveda is planning to invest $ 35,000 today in a mutual fund that provides a yield of 8.5% compounded annually. What will the investment be worth in ten years?

Question 2. José Reynoso is investing $ 27,500 in a CD from a bank that pays 7% interest compounded annually. How much will he have earned at the end of five years?

Reference no: EM132996066

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