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27 July, 03:24

Franco wants to have $750,000 when he retires in a year. If he currently has $700,000 to put in a 1-year CD, which of these APRs and compounding periods will allow him to reach his goal?

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  1. 27 July, 06:04
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    Answer: An APR of 6.98% compounded quarterly (apex!)
  2. 27 July, 06:30
    0
    50,000 more?
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