Question

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

Answer 1

D

Step-by-step

around 117 a year interest

5000 +353 = 5353