Carl opens a 5-year CD for $1,000 that pays 3% interest compounded annually. What is the value of the CD at the end of five years?
a. $1,159
b. $1,126
c. $1,300
d. $1,150
a. $1,159
The value of the CD at the end of the 5 years is $1,159.00
You might also like to view...
Which prices are used to measure goods and services in calculating the nominal GDP?
A) average prices B) past years prices C) current prices D) projected prices
Which of the following statements is true?
A) In any game, the best response of a player is also her dominant strategy. B) The best response of a player is not always her dominant strategy. C) A prisoners' dilemma game is an example of a zero-sum game. D) A prisoners' dilemma game is an example of an extensive-form game.
Refer to the figure below. Assume the market is originally at point W. Movement to point X is the result of: 
A. an increase in supply and an increase in demand. B. an increase in demand and an increase in quantity supplied. C. a decrease in supply and an increase in quantity demanded. D. an increase in supply and an increase in quantity demanded.
Suppose the exchange rate between the U.S. and Argentina is initially set at 20 pesos per dollar and increases to 25 pesos per dollar. In the U.S. economy this would be expected to
A. increase exports and decrease imports. B. increase both exports imports. C. decrease both exports imports. D. increase imports and decrease exports.