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Find the interest for a three-year CD for $5,000 at an interest rate of 6%, compounded annually. a. $955.08 b. $5,955.08 c. $5,983.40 d. $983.40

Find the interest for a three-year CD for $5,000 at an interest rate of 6%, compounded annually.

a. $955.08 b. $5,955.08 c. $5,983.40 d. $983.40

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