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Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 11.4% 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 11.4% interest, compounded annually. How much will you have when the CD matures? $6,063.44 $5,886.84 $5,357.02 $7,299.68 $6,769.86

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