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Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 12.3% interest, compounded annually. How much will you have

Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 12.3% interest, compounded annually. How much will you have when the CD matures?
a. $6,061.10
b. $6,380.10
c. $5,614.49
d. $7,847.52
e. $6,507.70
image text in transcribed
D Question 2 1.67 pts Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 12.3 % interest, compounded annually. How much will you have when the CD matures? O $6,061.10 N O $6,380.10 O $5,614.49 O $7,847.52 $6,507.70

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