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You buy a seven-year, 6 percent savings certificate for $1,000. If interest is compounded annually, what will its value be at maturity?

  • You buy a seven-year, 6 percent savings certificate for $1,000. If interest is compounded annually, what will its value be at maturity? A. $1,567.43
  •  B. $1,486.87
  •  C. $1,601.03
  •  D. $1,503.62
  •  E. $1,466.33

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Saving Certificate It is the certificate issued by the government for a fixed period... View the full answer

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