Marcus Wishes to Invest $2500 in a 3-Year CD That

question 249

Multiple Choice

Marcus wishes to invest $2500 in a 3-year CD that has an interest rate of 4.5% each year compounded twice a year. What will the CD be worth after 3 years (rounded to the nearest hundredth) ?

• A) $2946050.42
• B) $2672.58
• C) $2612.50
• D) $2857.06
• E) $2730.06

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Definitions:

Behavioral Expressions

The ways in which behaviors are outwardly shown and can be observed in the context of emotions, thoughts, and social interactions.

Conscious Feelings

Emotional experiences that are within one's immediate awareness.

Sympathetic Nervous system

A part of the autonomic nervous system that activates the body's responses under stress, such as increasing heart rate and redirecting blood flow.

Parasympathetic Nervous System

A component of the autonomic nervous system responsible for energy conservation by decreasing the heart rate, enhancing the activity of intestines and glands, and easing the muscles of sphincters in the digestive system.