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7. Now assume the $5000CD is still paying 4.5% nominal (stated) interest, but is paying interest quarterly. What is the dollar value, excluding tax ramifications,
7. Now assume the $5000CD is still paying 4.5% nominal (stated) interest, but is paying interest quarterly. What is the dollar value, excluding tax ramifications, of the CD at the end of year three (3)? Using the information from problem #6, what would the CD be worth, ignoring the tax ramifications, at the end of year five (5)? $5,228.83 $5,468.12 $5,718.37 $6,253.75
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