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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
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Nov 11, 2021
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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
Mathematics
middle-school
NanoWizard
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NanoWizard
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Answer:
D
Step-by-step
around 117 a year interest
5000 +353 = 5353
Mikdore
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Nov 15, 2021
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Mikdore
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