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problem: Assume you have $2,000 & plan to buy a three year certificate of deposit (CD) that pays 4% interest, compounded yearly. How much will you have when the CD matures?

[A] $2,249.73

[B] $2,011.87

[C] $2,324.89

[D] $2,591.45

[E] $2,854.13

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M921191

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