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Suppose you have $5500 and plan to purchase a 5-year certificate of deposit (CD) that pays 0.03 interest, compounded annually. How much will you have

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Suppose you have $5500 and plan to purchase a 5-year certificate of deposit (CD) that pays 0.03 interest, compounded annually. How much will you have when the CD matures? Write your answers using 2 decimals. Don't use $ or a thousands separator. Your Answer: Answer 10ction 10 innoints)

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