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How much will have when the cd matures

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Reference no: EM132929527

Problem 1: Suppose you have RM2,000 and plan to purchase a 3-year certificate of deposit (CD) that pays 4% interest, compounded annually. How much will you have when the CD matures?

Select one:

a. RM2,249.73

b. RM2,591.45

c. RM2,324.89

d. RM2,011.87

Reference no: EM132929527

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