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What will be the balance in ken account five years

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Reference no: EM132929466

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 6.75% interest for 5 years. What will be the balance in Ken's account five years from today.

a. 19,592.32
b. 20,000.00
c. 20,321.25
d. 21,556.08

Reference no: EM132929466

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