Vanessa wants to buy a CD for 500 that earns 3 APR and is compounded quarterly The CD matures in 2 years She will be paid the

Question

Vanessa wants to buy a CD for 500 that earns 3 APR and is compounded quarterly The CD matures in 2 years She will be paid the interest she earns each quarter How much interest will Vanessa have earned on this CD after the first quarter OA 2 50 O B 3 75 O C 1 25 OD 15 00

Kunduz · Accepted Answer

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