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How much will you have at the end of year five

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Reference no: EM133000412

Question - 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.

1. $715.99

2. $1402.55

3. $1700.00

4. 1777.00

Reference no: EM133000412

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