A Deposit of $6,000 Saved in a CD for 10

question 138

Multiple Choice

A deposit of $6,000 saved in a CD for 10 years at 3% compounded annually will be worth (select the closest answer)

• A)$7,340.
• B)$7,800.
• C)$8,064.
• D)$8,678.
• E)$9,005.

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Definitions:

Helping Process

The helping process is a series of steps or stages through which a professional helper assists a client in resolving issues or improving well-being.

Independence

The state of being free from outside control or not depending on another's authority.

Goal Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives that guide your actions and decisions.

Strategies

Comprehensive plans or sets of tactics designed to achieve specific goals or solve particular problems.