How much will it be worth when it matures

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Question: Mohammed can get a certificate of deposit (CD) at his bank that will pay 3.7% annually for 10 years. If he places $5530in this CD, how much will it be worth when it matures?

(a) Use the formula.

(b) Use the interest tables and interpolation.

(c) Use a TVM calculator.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132156774

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