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1

Vanessa wants to buy a CD for $500 that earns 3% APR and is compounded quarterly. The CD matures in 2 years. Her interest earned will not be reinvested in the CD. What will Vanessa's total interest earned be at the date of maturation?

A. $30.00

B. $15.00

C. $60.00

D. $120.00

A. $30.00

B. $15.00

C. $60.00

D. $120.00

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