James put $1000 in a 2-year CD paying 7% interest, compounded monthly. After 2 years, he withdrew all his money. What was the amount of the withdrawal?
A. $1149.81 B. $1155.18 C. $1000.00 D. $1556.18
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Home » Mathematics » James put $1000 in a 2-year CD paying 7% interest, compounded monthly. After 2 years, he withdrew all his money. What was the amount of the withdrawal? A. $1149.81 B. $1155.18 C. $1000.00 D. $1556.18