Suppose you buy a cd for $200 that earns 3% apr and is compounded quarterly. the cd matures in 2 years. how much will this cd be worth at maturity? . a.$206.07. b.$212.32. c.$204.04. d.$202.01

The problem can be solved using the following formula:

F = P (1 + r/n)^nt

Where:

F = Future value = ?
P = principal value = 200
r = APR = 0.03
n = interest period = 4
t = duration of interest = 2

Substituting the given values into the equation:

F = 200 (1 + (0.03/4))^(4*2)
F = 212.32

Therefore, the CD will be worth $212.32 at maturity.