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Q8. Timothy Paul LaBorde (F381, Fa'06, F382, Sp'07) is making a short-term, 2-year investment into a First Guaranty Bank Certificate of Deposit. If Tim deposits

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Q8. Timothy Paul LaBorde (F381, Fa'06, F382, Sp'07) is making a short-term, 2-year investment into a First Guaranty Bank Certificate of Deposit. If Tim deposits $10,000, the account earns 2.75%, and is compounded daily, how much will this CD be worth at maturity? Answer: $10,565.38

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