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2. Suppose you have $1,000 and plan to purchase a 10-yearcertificate of deposit (CD) that pays 1.0% annual interest,compounded annually. How much will you have

2. Suppose you have $1,000 and plan to purchase a 10-yearcertificate of deposit (CD) that pays 1.0% annual interest,compounded annually. How much will you have when the CDmatures? 2 answers

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