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Jane has $1,265 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will Jane have when

Jane has $1,265 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will Jane have when the CD matures?

A. $1,502.42

B. $1.065.42

C. $1,404.44

D. $1,633.07

E. $1.142.64

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