Solution-Suppose you have 2000 and plan to purchase a

Suppose you have 2000 and plan to purchase a 10-year

Reference no: EM13566083

Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. How much will you have when the CD matures?

a. $4,346.04
b. $4,139.09
c. $4,563.34
d. $3,754.27
e. $3,941.99

Reference no: EM13566083

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Suppose you have 2000 and plan to purchase a 10-year

Reference no: EM13566083

Reference no: EM13566083

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