Homework: Chapter 3 Homework Save HW Score: 60%, 6 of 10 pts Score: 0 of...
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Homework: Chapter 3 Homework Save HW Score: 60%, 6 of 10 pts Score: 0 of 1 pt P3-2 (similar to) Future value (with changing years). Dibie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $5,000 for his CD 10f 10 (7 complete) -Question Help | * investment If the bank is offering a 4% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. two-year investment period? b. six-year investment period? I, twenty-year investment period? How much will the ss,000 CD investment at 4% interest rate be worth at maturity if Jonathan picks a 2-year investment period? (Round to the nearest cent)
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