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At the beginning of 2 0 2 3 , Mary purchased a 3 - year certificate of deposit ( CD ) for $ 8 ,

At the beginning of 2023, Mary purchased a 3-year certificate of deposit (CD) for $8,760. The maturity value of the certificate was $10,000 and it was to yield 4.5%.She also purchased a Series EE bond for $6,400 with a maturity value in 10 years of $10,000. Mary must recognize $1,240 of income from the certificate of deposit in 2023, and S3,600 from the Series EE bonds in 2032. True False

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