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11 March, 04:48

Mrs. Wallace bought a $125,000 CD with a term of 3 years. How much will she earn in 3 years?

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  1. 11 March, 08:04
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    Answer: It depends on the banks APY

    annual percentage yield

    Step-by-step explanation: Let's say your bank gives you a rate of 2.10 %,

    If you purchase a CD $125,000 for a 3 year term. Your APY would be $8,041.52 for 3 years. So at the end of your CD term, you should have a balance of $133,041.52. Hope this gives you an idea.
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