Today,Thomas Deposited $100,000 in a Three-Year,12% CD That Compounds Quarterly

question 12

Multiple Choice

Today,Thomas deposited $100,000 in a three-year,12% CD that compounds quarterly.What is the maturity value of the CD?

• A)$109,270.
• B)$119,410.
• C)$142,576.
• D)$309,090.

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Definitions:

Formatted Values

Data output that is organized and styled according to specific criteria for presentation or further processing.

Java Statement

An instruction in Java that the Java Virtual Machine can execute, such as variable declarations, loops, or method calls.

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To show or exhibit information visually on a screen, monitor, or display unit.

System.out.println

A method in Java used to print a message or the result of an expression to the standard output stream (typically the console).