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54. Mr. Nailor invests $5,000 in a certificate of deposit at his local bank. He receives annual interes of 8% for 7 years. How much

54. Mr. Nailor invests $5,000 in a certificate of deposit at his local bank. He receives annual interes of 8% for 7 years. How much interest will his investment earn during this time period? A) $2,915 B) $3,570 C) $6,254 D) $8,570

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