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3. Maheera can get a certificate of deposit (CD) at his bank that will pay 3.5% annually for 10 years. If he places $2442 in this CD, how much will it be worth when it

24 matures?

^ (a) Use the formula.

(b) Use the interest tables and interpolation.

(c) Use a calculator or spreadsheet for a 5-button solution.

Fig: 1