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How much will you have when the CD matures

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Question - JG Asset Services is recommending that you invest $1,075 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?

a. $1,269.46

b. $1,276.76

c. $1,254.86

d. $1,262.16

e. $1,284.06

Reference no: EM132539871

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