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Present and Future Value Tables of $1 at 3% Are

Question 112

Multiple Choice

Present and future value tables of $1 at 3% are presented below:
Present and future value tables of $1 at 3% are presented below: -Today, Thomas deposited $100,000 in a three-year, 12% CD that compounds quarterly. What is the maturity value of the CD? A) $109,270. B) $119,410. C) $142,576. D) $309,090.
-Today, Thomas deposited $100,000 in a three-year, 12% CD that compounds quarterly. What is the maturity value of the CD?


A) $109,270.
B) $119,410.
C) $142,576.
D) $309,090.

Correct Answer:

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