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How much will have when the cd matures

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Question 1: JG Asset Services is recommending that you invest $1,100 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?

Select the correct answer.

Option a. $1,316.15

Option b. $1,296.75

Option c. $1,306.45

Option d. $1,325.85

Option e. $1,287.05

Reference no: EM132484897

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