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Find the future value of a $15,000 Certificate of Deposit that pays compounded interest every three months at the rate of 6% per year. The CD has a...

Find the future value of a $15,000 Certificate of Deposit that pays compounded interest every three months at the rate of 6% per year. The CD has a term of 5 years.

a)    Calculate the FV (Future Value) using the "Future Value or Compound Amount of $1.00" table in your textbook.

b)    Calculate the FV (Future Value) using the formula: FV = P(1 + R)N

c)    How much interest was earned on the investment?

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