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A local bank offers a certificate of deposit (CD) that earns 5.0% compounded quarterly for three and 1 answer below » A local bank offers a certificate of deposit (CD) that earns 5.0% compounded quarterly for three and one half years. If a depositor places $5,000 on deposit, what will be the value of the account at maturity? A) $5,931.06.. B) $5,949.77. C) $5,875.00. Oct 07 2015 06:20 PM
