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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Definitions:

Olfaction

The sense of smell, which is the detection and identification of chemicals in the air by the olfactory system.

Vision

The ability to interpret the surrounding environment by processing information contained in visible light.

Thalamus

A brain structure that acts as a relay station, processing and transmitting sensory information to various areas of the brain.

Sensory Inputs

The information received by the body's sensory systems, like sight, sound, touch, taste, and smell.