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Suppose you have $3,000 and plan to purchase a 5-year certificate of deposit (CD) that pays 12% interest, compounded monthly. How much will you have

Suppose you have $3,000 and plan to purchase a 5-year certificate of deposit (CD) that pays 12% interest, compounded monthly. How much will you have when the CD matures? - $4,012.92 CA. $3,548.27 . CC. $4,224.13 CD. CE. $5,450.09 $3,210.34

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