Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you deposit $10,000 in a 3-month certificate of de

You deposit $10,000 in a 3-month Certificate of Deposit (CD) that has an APR of...

70.2K

Verified Solution

Question

Finance

image
You deposit $10,000 in a 3-month Certificate of Deposit (CD) that has an APR of 6%. How much do you have when you cash-in the CD after 3 months? O A $10.150.75 $10,600.00 0 $10,157.22 O D $10,158.35

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Integrated Rate Laws: Working with Zero Order Reactions Experiments have shown the following reaction to be...

Biology
1.2K views

Question 2 Interpret the following was the frequency of irrigation at season c Was there...

Physics
1.2K views

A clear plastic paperweight with an unknown index of refraction rests on your desk as...

Geometry
1.2K views

Question 7 The triangle ABC is compressed by a scale factor 0 5 and enlarged...

Algebra
1.2K views

1 Try It Unit 1 Lesson 2 Directions Fill in the table The first one...

Accounting
1.2K views

Use the model of exchange rate determination to illustrate and explain as fully as you...

Accounting
1.2K views

Other not-for-profit organizations include all except: voluntary health and welfare organizations colleges and universities (incorrect)...

Accounting
1.2K views

Prepare a multiple-step income statement for 2025. Assume that 66,880 shares of common stock are...

Accounting
1.2K views

Jordan Electronics is considering investing in manufacturing equipment expected to cost $290,000. The equipment has...

Accounting
1.2K views

Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains...

Accounting
1.2K views

help Moving to another question will save this response Question 20 of...

Accounting
1.2K views

6. Sensitivity analysis using different variables. For this section try to summarize the items in...