Suppose you have $ 7 5 0 0 and plan to purchase a 1 5 year certificate of deposit ( CD ) that pays 0 0 7 interest, compounded annually How much will you have when the CD matures Write your answers using 2 decimals ...

So when the CD matures you will have 2569921 To calculate the future value of the certificate o ...

Suppose you have $ 7 5 0 0 and plan to purchase a 1 5 - year

Fantastic news! We've Found the answer you've been seeking!

Question:

Suppose you have $

7500

and plan to purchase a

15 -

year certificate of deposit

(

)

that pays

0.07

interest, compounded annually. How much will you have when the CD matures?

Write your answers using

2

decimals.

Posted Date: May 11, 2024 04:25 AM

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Suppose you have $ 7 5 0 0 and plan to purchase a 1 5 - year

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