Question
You bought a $5,000, 5 year CD that earns 2.43% annual interest and it willmature tomorrow.You plan to roll the money into a new 5
You bought a $5,000, 5 year CD that earns 2.43% annual interest and it willmature tomorrow.You plan to roll the money into a new 5 year CD that will earn 2.05%.About how much will you have when the new CD matures?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
