SOLUTION: you invest $4000 today in a 5yr certificate of deposit at 4% what is the maturity worth?

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Question 1083041: you invest $4000 today in a 5yr certificate of deposit at 4% what is the maturity worth?
Answer by addingup(3677) About Me  (Show Source):
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4000 invested for 5 years at a rate of 4%/year, compounded annually. IS this correct? IF so:
4000(1+0.04)^5 = 4866.61