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.
