At Maturity, a Deposit of $6,000 in a Certificate of Deposit

question 47

Multiple Choice

At maturity, a deposit of $6,000 in a certificate of deposit (CD) for 10 years at 3% will be worth: (Select the closest answer.)

• A)$7,340.
• B)$7,800.
• C)$8,064.
• D)$8,678.
• E)$9,005.

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Definitions:

Measure of Equity

relates to assessing a brand's value from the perspective of consumer recognition, loyalty, perceived quality, and associations.

Target Market

The specific segment of the market to which a brand or product is directed, identified by particular demographics, interests, or needs.

Brand Associations

The thoughts, feelings, perceptions, and beliefs that consumers have about a brand, which can be shaped by marketing efforts and experiences.

Quantitative Research

A research method focused on gathering numerical data and performing statistical, mathematical, or computational techniques to gain insights.