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JG Asset Services is recommending that you invest $1,300 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will

JG Asset Services is recommending that you invest $1,300 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?

Select the correct answer.

a. $1,535.99b. $1,519.99c. $1,543.99d. $1,527.99e. $1,551.99

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