At Maturity, How Much Will a Deposit of $6,000 in a Certificate

question 48

Multiple Choice

At maturity, how much will a deposit of $6,000 in a certificate of deposit (CD) for 10 years at 3% be worth? (Round the answer to the nearest dollar.)

• A) $7,340
• B) $7,800
• C) $8,063
• D) $8,678
• E) $9,005

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