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Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $8 comma 000 for his CD investment. If the bank is offering a 6 % interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. two -year investment period? b. six -year investment period? c. ten -year investment period? d. fifteen -year investment period?
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