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MrNailor Invests $5,000 in a Certificate of Deposit at His

Question 88

Multiple Choice

Mr.Nailor invests $5,000 in a certificate of deposit at his local bank.He receives annual interest of 8% for 7 years.How much interest will his investment earn during this time period?


A) $2,915
B) $3,569
C) $6,254
D) $8,570

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