Suppose you have 1500 and plan to purchase a 5-year
Suppose you have $1,500 and plan to purchase 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
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suppose you have 1500 and plan to purchase a 5-year certificate of deposit cd that pays 35 interest compounded annually
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