(d) How much is the investment worth after 5 years? Assume that the entire amount is left in the CD to be compounded. After 5 years, the investment is worth s (Simplify your answer. Round to two decimal places as needed.)

(d) How much is the investment worth after 5 years? Assume that the entire amount is left in the CD to be compounded. After 5 years, the investment is worth s (Simplify your answer. Round to two decimal places as needed.)

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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(d) How much is the investment worth after 5 years? Assume that the entire amount is left in the CD to be compounded.
After 5 years, the investment is worth s
(Simplify your answer. Round to two decimal places as needed.)

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