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At Maturity, How Much Will a Deposit of $6,000 in a Certificate

Question 48

Multiple Choice

At maturity, how much will a deposit of $6,000 in a certificate of deposit (CD) for 10 years at 3% be worth? (Round the answer to the nearest dollar.)


A) $7,340
B) $7,800
C) $8,063
D) $8,678
E) $9,005

Correct Answer:

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