Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan

Question:

Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $7,000 for his CD investment. If the bank is offering a 6% interest rate, how much will the CD be worth at if Jonathan picks a
a. Two-year investment period?
b. Five-year investment period?
c. Eight-year investment period?
d. Fifteen-year investment period?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...