Multiple Choice
Andre De Quadros bought a $3,500, 9-month certificate of deposit (CD) that would earn 9.0% annual simple interest. What is the value of the CD when it matures? Round your answer to to the nearest cent.
A) $3,578.75
B) $3,657.50
C) $3,815.00
D) $3,710.00
E) $3,736.25
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q60: A company that purchases a piece of
Q61: Jenny Reed bought SSX stock for $18
Q62: A house is rented for $3,900 per
Q63: What is the fifth term of the
Q64: Suppose that Scott Andrews deposits his $10,500
Q66: The following figure shows a graph that
Q67: AdriAnne and Anna's Auto Repair wants to
Q68: A company that purchases a piece of
Q69: Suppose Becky has her choice of $10,000
Q70: Suppose that Bob delays starting an IRA