What will be the value of the investment in two years

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Reference no: EM13721939

Your brother has asked you to help him with choosing an investment. He has 6,700 to invest today for a period of two years. You identify a bank CD that pays an interest rate of 0.0500 annually with the interest being paid quarterly. What will be the value of the investment in two years?

Reference no: EM13721939

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