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IN381_03F Suppose your parents have $1,375 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will

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IN381_03F Suppose your parents have $1,375 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will they have when the CD matures? Select one: a. $1,404.44 b. $1,633.07 c. $1,535.08 d. $1,731.05 O e. $1,502.42

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