Question
You are about to invest $5,000.00 in a Certificate of Deposit (C.D.) for 4 years and the annual interest rate is 8%. How much will
You are about to invest $5,000.00 in a Certificate of Deposit (C.D.) for 4 years and the annual interest rate is 8%.
How much will be in your account at the end of 4 years, if the interest is being credited to your account on a quarterly basis?
Question 27 options:
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| A) | $6,865 |
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| B) | $5,856 |
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| C) | $5,865 |
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| D) | $6,585 |
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
