How much cd be worth at maturity if interest is 5 percent

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Reference no: EM131209328

Jake is given $10,000 in a CD that matures in 10 years.

Assuming that interest payments are reinvested during the life of the CD, how much will the CD be worth at maturity if the interest rate is 5 percent?

If the interest rate is 10 percent?

Reference no: EM131209328

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