Multiple Choice
Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 6.5% interest,compounded annually.How much will you have when the CD matures?
A) $3,754.27
B) $3,941.99
C) $4,139.09
D) $4,346.04
E) $4,563.34
Correct Answer:
Verified
Correct Answer:
Verified
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