Question
You invest $1,000 in a certificate of deposit with an interest rate of 9 percent compounded semi-annually that matures in 15 years. How much interest
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You invest $1,000 in a certificate of deposit with an interest rate of 9 percent compounded semi-annually that matures in 15 years. How much interest will you earn if the interest is left to accumulate?
- Choices
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$2,642.48
$3,642.48
$2,745.31
$3,745.31
$1,917.14
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The Euro A Challenge And Opportunity For Financial Markets Routledge International Studies In Money And Banking
Authors: Michael Artis , Elizabeth Hennessy, Axel Weber
1st Edition
0415217105, 978-0415217101
