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Mitchell Huntzberger recently sold his holdings in the stock market for $297,480 and is planning to invest the proceeds in a 5 year bank certificate

Mitchell Huntzberger recently sold his holdings in the stock market for $297,480 and is planning to invest the proceeds in a 5 year bank certificate of deposit with a rate of 4.70%. The amount Mitchell will have when the certificate matures is closest to:

A. $374,275.31. B. $236,441.85. C. $323,616.67.

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