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Maurice Purchased a $10,000, 90-Day CD That Pays 8 Percent

Question 75

Multiple Choice

Maurice purchased a $10,000, 90-day CD that pays 8 percent. How much will Maurice receive when the CD matures? (Round answer to the nearest dollar.)

A) $10,800
B) $10,197
C) $10,200
D) $10,267

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