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Consider a Certificate of Deposit That Pays 14% (Annual Percentage

Question 24

Multiple Choice

Consider a certificate of deposit that pays 14% (annual percentage rate) on an initial deposit of $3,000.The balance after 14 years is Consider a certificate of deposit that pays 14% (annual percentage rate) on an initial deposit of $3,000.The balance after 14 years is Estimate ,where x is the length of the compounding period (in years) .Round your answer to the nearest hundredth. ​​ A) ​21,297.98 B) ​1,103.64 C) ​42,000 D) ​3,420 E) ​3,000 Estimate Consider a certificate of deposit that pays 14% (annual percentage rate) on an initial deposit of $3,000.The balance after 14 years is Estimate ,where x is the length of the compounding period (in years) .Round your answer to the nearest hundredth. ​​ A) ​21,297.98 B) ​1,103.64 C) ​42,000 D) ​3,420 E) ​3,000 ,where x is the length of the compounding period (in years) .Round your answer to the nearest hundredth. ​​


A) ​21,297.98
B) ​1,103.64
C) ​42,000
D) ​3,420
E) ​3,000

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