Investing a Signing Bonus Joe Gallegos just started a new

Chapter 11, Problem 11.1.156

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Investing a Signing Bonus Joe Gallegos just started a new job and has received a $5000 signing bonus. Joe decides to invest this money now so that he can buy a new car in 5 years. If Joe invests in a 5-year CD paying 3.35% interest compounded quarterly, how much money will he receive from his CD in 5 years?

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