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You buy a 2-year, 8 percent savings certificate for $1,000. If interest is compounded annually , what will be its value at maturity? a. $1,067.43

You buy a 2-year, 8 percent savings certificate for $1,000. If interest is compounded annually, what will be its value at maturity?

a. $1,067.43

b. $1,166.40

c. $1,201.03

d. $1,396.57

e. $1,466.33

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