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| rev | Admin | (Created page with "A bank offers the following choices for certificates of deposit: {| class="table" |- ! Term (in years) !! Nominal annual interest rate convertible quarterly |- | 1 || 4.00% |- | 3 || 5.00% |- | 5 || 5.65% |} The certificates mature at the end of the term. The bank does NOT permit early withdrawals. During the next 6 years the bank will continue to offer certificates of deposit with the same terms and interest rates. An investor initially deposits 10,000 in the bank a...") | Nov 26'23 at 20:47 | +991 |