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Oksana's CD was worth how much after 4 years?

A$5,726.54
B$5,627.54
C$5,672.54
D$5,762.54
Answer & Solution
Correct answer: B. $5,627.54
1. The principal was $5,000 at 3 per cent. 2. Interest compounded annually for four years. 3. The CD was worth $5,627.54. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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