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Benning Company wants to acquire land on which it plans to build a new manufacturing plant. Benning has set aside cash in its land acquisition

Benning Company wants to acquire land on which it plans to build a new manufacturing plant. Benning has set aside cash in its land acquisition fund. They purchased a three-year certificate of deposit (CD) in the amount of $290,000. The CD bears interest at 9% compounded annually. What is the maturity value of the CD

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