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9. You are going to place $12,500 into a certificate of deposit (CD) at a 6% annual rate (compounded annually) with a maturity of 30

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9. You are going to place $12,500 into a certificate of deposit (CD) at a 6% annual rate (compounded annually) with a maturity of 30 months. How much money will you receive when the CD matures? * a) Necessary information is not available to solve the problem. b) $14,460 c) $14,491 d) $14.518

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