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Business, 25.10.2019 18:43 dbegay36

Kyle has $2,200 in cash received for high school graduation gifts from various relatives. he wants to invest it in a certificate of deposit (cd) so that he will have a down payment on a car when he graduates from college in five years. his bank will pay 2.6% per year, compounded annually, for the five-year cd. how much will kyle have in five years to put down on his car?

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