Mary Deposits Funds into a CD at Her Bank

question 84

Multiple Choice

Mary deposits funds into a CD at her bank. The CD has an annual interest of 4.0%. If Mary leaves the funds in the CD for two years she will have $540.80. What amount is Mary depositing?

• A) $520.00
• B) $514.50
• C) $500.00
• D) $512.40

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Definitions:

Americans' Relationship

The various dynamics and interactions between citizens of the United States, encompassing social, cultural, political, and personal aspects.

Vietnam

A Southeast Asian country known for its rich history, vibrant culture, and significant role in global affairs, particularly during the Vietnam War.

Immigration

The action of people coming to live permanently in a foreign country, contributing to the cultural, economic, and social fabric of the society.

Ngo Dinh Diem

A South Vietnamese politician who served as the President of South Vietnam from 1955 until his assassination in 1963.