Question: Solve with BA II Plus A client invests 20,000 in a four-year certificate of deposit (CD) that annually pays interest of 3.5%. The annual CD

Solve with BA II Plus

A client invests 20,000 in a four-year certificate of deposit (CD) that annually pays interest of 3.5%. The annual CD interest payments are automatically reinvested in a separate savings account at a stated annual interest rate of 2% compounded monthly. At maturity, the value of the combined asset is closest to

A 21,670. B 22,890. C 22,950

Please help me to solve this problem with finance calculator BA II plus

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