Your birthday is next week and instead of other presents, your parents promised to give...
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Accounting
Your birthday is next week and instead of other presents, your parents promised to give you 1,000 in cash. Since you have a part-time job and, thus, don't need the cash immediately, you decide to invest the money in a bank CD that pays 5.2 percent, compounded quarterly, for the next two years. How much money can you expect to earn in this period of time?
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