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You Inherit $15,000 from Your Aunt

Question 21

Multiple Choice

You inherit $15,000 from your aunt.You decide to invest the money in a three-year CD that pays 4% interest to use as a down payment on a house.How much money will you have when the CD matures?


A) $13,334.95
B) $15,600.00
C) $16,800.00
D) $16,872.96

Correct Answer:

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