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What is the balance after 2 years on a CD with an initial investment of $3,500.00 and a 2% interest rate?

What is the balance after 2 years on a CD with an initial investment of $3,500.00 and a 2% interest rate?

Essentials Of Investments
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
Problem 1PS
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What is the balance after 2 years on a CD with an initial investment of $3,500.00 and a 2% interest rate? A. $10,150.00 B. $3,505.80 C. $3,703.00 D. $3,641.40 o3- 2021 Acellus Corporation. All Rights Reserved. 60°F CI
Transcribed Image Text:What is the balance after 2 years on a CD with an initial investment of $3,500.00 and a 2% interest rate? A. $10,150.00 B. $3,505.80 C. $3,703.00 D. $3,641.40 o3- 2021 Acellus Corporation. All Rights Reserved. 60°F CI
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