Solved

Marcus Wishes to Invest $2500 in a 3-Year CD That

Question 249

Multiple Choice

Marcus wishes to invest $2500 in a 3-year CD that has an interest rate of 4.5% each year compounded twice a year. What will the CD be worth after 3 years (rounded to the nearest hundredth) ?


A) $2946050.42
B) $2672.58
C) $2612.50
D) $2857.06
E) $2730.06

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q244: The amount of caffeine (in milligrams) left

Q245: Use the graph to find the equation

Q246: Graph the equation <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8673/.jpg" alt="Graph the

Q247: For <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8673/.jpg" alt="For find

Q248: Evaluate the function. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8673/.jpg" alt="Evaluate the

Q250: Decide whether the lines are parallel perpendicular

Q251: Using the following table of a function

Q252: Determine the equation of the line that

Q253: The graph displays the number of tickets

Q254: The revenue (in millions) of a struggling