[Solved] QUESTION 1 Suppose you have $850 and plan

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QUESTION 1 Suppose you have $850 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will

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QUESTION 1 Suppose you have $850 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures? Solve the problem and enter the result

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