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Question 1 (1 point) You are recommended by your financial planner to invest $2,500 in a 5-year certificate of deposit (CD) that pays 3.5% interest,
Question 1 (1 point) You are recommended by your financial planner to invest $2,500 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) $1,870.61 B) $3,165.46 C) $1,781.53 D) $1,964.14 OE) $2,969.22
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