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Please provide a step-by-step instruction: You deposit $6,900 in a 2-year certificate of deposit (CD) earning 2.2% annual interest compounded daily. At the end of the 2 years, you reinvest the compound amount plus an additional $6,900 in another 2-year CD. The annual interest rate on the second CD is 2.7%, compounded daily. What is the compound amount (in dollars) when the second CD matures? (Enter a number. Round to the nearest cent. Assume all years have 365 days.)
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Please provide a step-by-step instruction: You deposit $6,900 in a 2-year certificate of deposit (CD...
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