You Deposit X Dollars into a 3-Year Certificate of Deposit

question 154

Multiple Choice

You deposit X dollars into a 3-year certificate of deposit that pays 4.75 percent annual interest. At the end of the 3 years you have $4,310.16. What number of dollars, X, did you deposit?

• A)$3,680.00
• B)$3,712.77
• C)$3,750.00
• D)$3,772.57

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Definitions:

Happy Ending

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