Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 4.0% interest, compounded quarterly….

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June 6, 2019

Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 4.0% interest, compounded quarterly….

Suppose you have $1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 4.0% interest, compounded quarterly. How much will you have when the CD matures?
 

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