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If you deposit $1,000 into a certificate of deposit that quotes you a 0.55% APY, how much will you have at the end of 1

If you deposit $1,000 into a certificate of deposit that quotes you a 0.55% APY, how much will you have at the end of 1 year? $1,050.00 $1,055.00 $1,550.00 $1,005,50 None of the above

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