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A2: Future Value Suppose you have $1000 and plan to purchase a 4-year certificate of deposit (CD) that pays 3% interest, compounded annually. How much

A2: Future Value

Suppose you have $1000 and plan to purchase a 4-year certificate of deposit (CD) that pays 3% interest, compounded annually. How much will you have when the CD matures?

		A. 1124.86
		B. 1125.51
		C. 885.29
		D. 1360.49

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