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Today, Thomas deposited $120,000 in a three-year, 8% CD that compounds quarterly. What is the maturity value of the CD? (FV of $1, PV of
Today, Thomas deposited $120,000 in a three-year, 8% CD that compounds quarterly. What is the maturity value of the CD? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.)
$151,989
$152,189
$151,165
$148,800
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