Last National Bank Offers a CD Paying 7% Interest (Compounded

question 144

Multiple Choice

Last national bank offers a CD paying 7% interest (compounded annually) .If you invest $1,000 how much will you have at the end of year 5.

• A) $712.99
• B) $1,402.55
• C) $1,350.00
• D) $1,000

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