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A 12-month certificate of deposit at Middlesex Savings Bank is advertising a 1.2% annual percentage rate. Interest is compounded monthly. Suppose you invest $1,000 in
A 12-month certificate of deposit at Middlesex Savings Bank is advertising a 1.2% annual percentage rate. Interest is compounded monthly. Suppose you invest $1,000 in this CD. How much will you have at the end of one year? Show your work
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