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Carolyn has a CD at Crossroads Bank. She invests $20,000 for five years at 3.25% interest, compounded quarterly. What is her ending balance? a. $23,250.00

Carolyn has a CD at Crossroads Bank. She invests $20,000 for five years at 3.25% interest, compounded quarterly. What is her ending balance?

a. $23,250.00 b. $23,513.52 c. $24,525.00 d. $20,314.41

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