Youve just put 15000 into a 4-year certificate of deposit
You've just put $15,000 into a 4-year certificate of deposit (CD) which pays 3.75%(stated rate) per year, but is compounded quarterly. What will your CD investment be worth at maturity? Could you answer it step by step?
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youve just put 15000 into a 4-year certificate of deposit cd which pays 375stated rate per year but is compounded
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