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suppose you have $1,325 and plan to purchase a 5-year certificate of deposit (cd) that pay 3.5% interest, compound manually. How much is the bond

suppose you have $1,325 and plan to purchase a 5-year certificate of deposit (cd) that pay 3.5% interest, compound manually. How much is the bond worth today?

a.1,573

b.1,842

c,1,463.

d,1,557

e.1,731

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