Question: Multiple Choice 3 points George invests $ 1 1 3 0 0 0 in a 5 - year certificate of deposit earning 3 % at

Multiple Choice 3 points
George invests $113000 in a 5-year certificate of deposit earning 3% at his local bank. Which time value concept would be used to determine th maturity value of the certificate?
Present value of an annuity due
Future value of one
Future value of an ordinary annuity
Present value of one
Multiple Choice 3 points George invests $ 1 1 3 0

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