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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) $3,570

C) $6,254

D) $8,570

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M994139

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