Suppose you buy a CD for $200 that earns 3% APR and is compounded
quarterly. The CD matures in...
Mathematics, 21.03.2020 09:21, leaving2020asap
Suppose you buy a CD for $200 that earns 3% APR and is compounded
quarterly. The CD matures in 2 years. How much will this CD be worth at
maturity?
A. $204.04
B. $206.07
C. $202.01
D. $212.32
Answers: 3
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