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

---

Definitions:

Crista Galli

A vertical protrusion of the ethmoid bone in the brain that serves as an attachment point for the falx cerebri, a membrane that divides the two cerebral hemispheres.

Styloid Process

A pointed piece of bone that extends from the temporal bone of the skull, serving as an attachment point for muscles and ligaments of the tongue and neck.

Frontal

Referring to the forehead or the front part of something, particularly in anatomy, it pertains to the front part of the brain or the frontal bone of the skull.

Maxilla

A pair of bones forming the upper jaw and part of the orbits surrounding the eyes, essential for facial structure.