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
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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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.
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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