John Anderson Deposited $10,000 in a CD for 3 Years

question 67

Multiple Choice

John Anderson deposited $10,000 in a CD for 3 years at 5%.It should now be worth (Use time value tables or financial calculator)

• A)$10,500.
• B)$10,725.
• C)$11,400.
• D)$11,580.
• E)$12,400.

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Definitions:

Prospective Buyer

An individual or entity showing interest in purchasing a product or service, but who has not yet made a purchase.

Interest Stage

A phase in the sales or marketing funnel where potential customers become aware of a product or service and begin to show curiosity or engagement.

Selective Questioning

A technique of asking questions that are strategically chosen to guide a conversation or elicit specific information.

Successful Salesperson

A sales professional who consistently meets or exceeds sales targets through effective selling practices and customer relations.