Multiple Choice
Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 13.6% interest,compounded annually.How much will you have when the CD matures?
A) $7,945.78
B) $7,158.36
C) $6,156.19
D) $6,585.69
E) $5,440.35
Correct Answer:
Verified
Correct Answer:
Verified
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