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How much will have at the end of year five for star national

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Reference no: EM132907760

Problem 1: Star national bank offers a CD paying 7% interest (compounded annually). If you invest $1,000 how much will you have at the end of year 5.

Option 1: $715.99
Option 2: $1402.55
Option 3: $1700,00
Option 4: $1777.00

Reference no: EM132907760

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