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A three-month (ninety-day) CD offers an annualized interest rate of 2% and requires a $8,000 minimum deposit. What is the amount of interest you would

A three-month (ninety-day) CD offers an annualized interest rate of 2% and requires a $8,000 minimum deposit. What is the amount of interest you would earn if you invested $8,000 in the CD?

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