John Anderson Deposited $10,000 in a Certificate of Deposit (CD)

question 24

Multiple Choice

John Anderson deposited $10,000 in a certificate of deposit (CD) for 3 years at 5%. At maturity, how much will the CD be worth? (Round the answer to the nearest dollar.)

• A) $10,500
• B) $10,725
• C) $11,400
• D) $11,580
• E) $12,400

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Definitions:

Ethical Dilemmas

Situations where an individual must choose between two conflicting moral principles, making the decision difficult.

Ethical Lapses

Instances where individuals, groups, or organizations engage in behavior that falls short of ethical standards.

Cultural Diversity

The presence of multiple cultural or ethnic groups within a society, organization, or community.

Workplace

The location or environment where people are employed and work is done, which can range from office buildings to remote or virtual spaces.