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Mathematics, 05.10.2020 15:01 haleyblu6281

kyle has $800 in cash received for high school graduation gifts from various relatives. he wants to invest it in a certificate of deposit (CD) so that he will have a down payment on a car when he graduates from college in five years. his bank will pay 3.1% per year, compounded annually, for the five year CD. how much will kyle have in five years to put down on his car?

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