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JG Asset Services is recommending that you invest $825 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 $825 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. $983.44

b. $990.64

c. $976.24

d. $987.04

e. $979.84

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