Find the Value of a $3,000 Certificate in 3 Years

question 128

Multiple Choice

Find the value of a $3,000 certificate in 3 years, if the interest rate is 15% compounded annually. ​

• A) $4,350.00
• B) $4,554.84
• C) $4,556.63
• D) $4,570.42
• E) $4,562.63

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