Find the future value of a 195000 certificate of deposit
Find the future value of a $195,000 Certificate of Deposit that pays compounded interest every three months at the rate of 8% per year. The CD has a term of 7 years.
a) Calculate the FV (Future Value) using the formula: FV = P(1 + R)N
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find the future value of a 195000 certificate of deposit that pays compounded interestnbspevery three monthsnbspat the
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