Your bank offers a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. If you invest $2,000 in the CD, how much will you have when it matures?
A. $3,754.27
B. $3,941.99
C. $4,139.09
D. $4,346.04
E. $4,563.34
Answer: A
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