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Suppose you have $1,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 1.0% annual interest, compounded monthly. How much will you have when the CD matures?
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Suppose you have $1,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 1.0% annual interest, compounded monthly. How much will you have when the CD matures?

User Muneeb Ur Rehman
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User Yogeesh Seralathan
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