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Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 10.2% interest, compounded annually. How much will you have

Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 10.2% interest, compounded annually. How much will you have when the CD matures? (explain your answer)

$5,652.36
4912.80
6180.62
6022.14
5282.58

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