Answer:
The amount that this CD will be worth at maturity would be $935.90. The right answer is B.
Step-by-step explanation:
In order to calculate How much will this CD be worth at maturity we would have to use and calculate the formula of future value as follows:
Future Value=Present value×(1+i/n)∧nt
Future Value=$810×(1+2.9%/4)∧(4×5)
Future Value=$935.90
The amount that this CD will be worth at maturity would be $935.90
