Question
You deposit $35,000 in a 5-year CD. The CD pays 9.5 percent per year compounded semi-annually. What is the Future Value of your deposit after
You deposit $35,000 in a 5-year CD. The CD pays 9.5 percent per year compounded semi-annually. What is the Future Value of your deposit after 5 years?
| A. | $55,098.00 | |
| B. | $55,668.00 | |
| C. | $51,625.00 | |
| D. | $38,325.00 |
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The Structured Credit Handbook
Authors: Arvind Rajan, Glen McDermott, Ratul Roy
1st Edition
0471747491, 978-0471747499
