Multiple Choice
Your bank offers a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually.If you invest $2, 000 in the CD, how much will you have when it 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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