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5 July, 15:40

Kim invested $5,000 in a 3-year

Certificate of Deposit (CD) that pays

2.3% interest compounded annually.

What will the CD be worth at the end of

3 years?

A $5,034.50

B $5,060.83

C $5,435.00

D$5,353.00

+2
Answers (1)
  1. 5 July, 16:16
    0
    D

    Step-by-step

    around 117 a year interest

    5000 + 353 = 5353
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