Homework Answers
| Value of CD after 5 Years | 15,299.85 |
| Dear Student | |
| Thank you for using homeworklib | |
| Please find below the answer | |
| Statementshowing Computations | |
| Paticulars | Amount |
| Value of bank CD now | 9,500.00 |
| Time in years | 5.00 |
| Interest rate | 10% |
| Value of CD after 5 Years = 9500(1.10)^5 | 15,299.85 |
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