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2. The interest on \$6,000 at 6 percent compounded semiannually for 8 years is: (Use table in the handbook) (Points : 1)

Use the table in your handbook.

Mark bought a CD for \$500 that earns 3.9% APR and is compounded quarterly. The CD matures in 3 years. How much will this CD be worth at maturity?

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