Dixie Bank offers a certificate of deposit with an option
Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $7,000 for his CD investment. If the bank is offering a 6% interest rate, how much will the CD be worth at maturity if Jonathan picks a
a. Two-year investment period?
b. Five-year investment period?
c. Eight-year investment period?
d. Fifteen-year investment period?

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