Multiple Choice
JG Asset Services is recommending that you invest $1, 500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually.How much will you have when the CD matures?
A) $1, 781.53
B) $1, 870.61
C) $1, 964.14
D) $2, 062.34
E) $2, 165.46
Correct Answer:
Verified
Correct Answer:
Verified
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