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Mark bought a CD for $500 that earns 3.9% APR and is compounded quarterly. The CD matures in 3 years. How much will this CD be worth at maturity?​

Mark bought a CD for $500 that earns 3.9% APR and is compounded quarterly. The CD matures in 3 years. How much will this CD be worth at maturity?​
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4 votes
Mark bought a CD for $500 that earns 3.9% APR and is compounded

quarterly. The CD matures in 3 years. How much will this CD be worth at
maturity?​

User Tahnee
by
8.3k points

2 Answers

3 votes

Answer:561.74

Explanation:

User Hamczu
by
7.7k points
2 votes

Answer:

$561.74

Explanation:

User Bryan Lewis
by
7.9k points
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