ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
17.
Gracie bought a CD for $810 that earns a 2.9% APR and is compounded quarterly. The CD matures in 5 years. How much will this CD be worth at maturity?
$963.34
$909.25
$883.35
$935.90
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