You deposit $10,000 in a 3-month Certificate of Deposit (CD) that has an APR of 6%....

Question

Question

Answer 1

Answer #1

Answer is $10150.75

we need to find the future value

FV=PV*(1+r)^n

=10000*(1+6%/12)^(3)

=$10150.75

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Answer 2

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