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At Maturity, a Deposit of $6,000 in a Certificate of Deposit

Question 47

Multiple Choice

At maturity, a deposit of $6,000 in a certificate of deposit (CD) for 10 years at 3% will be worth: (Select the closest answer.)

A) $7,340.
B) $7,800.
C) $8,064.
D) $8,678.
E) $9,005.

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