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JG Asset Services is recommending that you invest $ 1 , 5 0 0 in a 5 - year certificate of deposit ( CD )

JG Asset Services is recommending that you invest $1,500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?
a. $1,964.14
b. $1,870.61
c. $2,165.46
d. $1,781.53
e. $2,062.34

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