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You put $6,000 in a 10-year CD with a 5.25% nominal interest rate that is...

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Finance

You put $6,000 in a 10-year CD with a 5.25% nominal interest rate that is compounded quarterly. At the end of the 10 years, how much interest would you have earned?

Group of answer choices

-$1,262.26

-$4,008.58

-$4,108.17

-$40,455.32

Answer & Explanation Solved by verified expert
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