If You Invest $10,000 in a 4-Year Certificate of Deposit

question 56

Multiple Choice

If you invest $10,000 in a 4-year certificate of deposit (CD) paying 10 percent interest compounded annually, determine how much the CD will be worth at the end of 4 years.

• A) $13,600
• B) $45,730
• C) $14,640
• D) $15,958

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Definitions:

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Prepared and formatted for display or performance in front of an audience.

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A sign or regulation indicating that vehicles are not allowed to park in a specific area.

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A reference to the warm season experienced in the state of Maine, often associated with outdoor recreational activities and scenic beauty.

Was Child

Expression that may imply someone reflecting on their younger years; however, the term is unclear without context. NO.