Multiple Choice
John Anderson deposited $10,000 in a certificate of deposit (CD) for 3 years at 5%. At maturity, it will be worth: (Use time value tables or a financial calculator. Select the closest answer.)
A) $10,500.
B) $10,725.
C) $11,400.
D) $11,580.
E) $12,400.
Correct Answer:
Verified
Correct Answer:
Verified
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