24. A three-year CD offers a stated annual interest rate of 10 percent compounded quarterly. Given an initial investment of $80,000, which of the following is most likely to be the value of the CD at maturity? A. $86,151. B. $86,628. C. $107,591.
24. A three-year CD offers a stated annual interest rate of 10 percent compounded quarterly. Given an initial investment of $80,000, which of the following is most likely to be the value of the CD at maturity? A. $86,151. B. $86,628. C. $107,591.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![24. A three-year CD offers a stated annual interest rate of 10 percent compounded quarterly.
Given an initial investment of $80,000, which of the following is most likely to be the value
of the CD at maturity?
A. $86,151.
B. $86,628.
C. $107,591.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffa8cf86c-bbcb-4aa8-a5b2-ebbd4db38c33%2Fc0333835-fdee-4ef0-8ab9-e2756c9b7a6c%2Fwi0zlnvp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:24. A three-year CD offers a stated annual interest rate of 10 percent compounded quarterly.
Given an initial investment of $80,000, which of the following is most likely to be the value
of the CD at maturity?
A. $86,151.
B. $86,628.
C. $107,591.
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