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What will be the balance in biagio account five years

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Reference no: EM132929475

Problem 1: Let's say Biagio deposits $15,550 dollars in a CD (Certificate of Deposit) at Star Bank. The bank is offering to pay 5.25% interest for 5 years. What will be the balance in Biagio's account five years from today. Compounded semi-annually.

a. 19,591.22
b. 20,000.00 Solve for Future Val ue (with compounding)
c. 20,149.40
d 21,557.13

Reference no: EM132929475

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