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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?

S1,502-42

$1.065.42

S1,404.44

$1,633.07

S1,142.64

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