Mathematics, 19.10.2019 01:30 DOGENINJA4542

Nicholas wants to buy a cd for $200 that earns 3% apr and is compounded quarterly. the cd matures in 5 years. he will be paid the interest he earns each quarter. how much interest will nicholas have earned on this cd after the first quarter?

a. $3.00

b. $6.00

c. $1.50

d. $0.75

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Nicholas wants to buy a cd for $200 that earns 3% apr and is compounded quarterly. the cd matures in...