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You have $50,000 that can be invested for your future retirement and decide to buy a 30 year CD with an interest rate of 2.7%.

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You have $50,000 that can be invested for your future retirement and decide to buy a 30 year CD with an interest rate of 2.7%. Rather than receiving annual interest payments, your CD retains the interest and annually compounds the interest earned over the 30 year period. When the CD matures in 30 years what should your lump sum payment be? $54.878 O 5104.878 $40.389.678 578.878 $111 195

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