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Author Question: Juan has $1,000 that he would like to invest in a CD. His bank offers two alternatives, a one-year ... (Read 67 times)

wrbasek0

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on: Apr 13, 2019

Juan has $1,000 that he would like to invest in a CD. His bank offers two alternatives, a one-year CD paying 6% or a two-year CD paying 9%per annum. Juan has been reading that interest rates are rising, and, based on his research, he estimates that by year-end the rate on one-year CDs will increase to 10%. What alternative would give Juan the most interest and what would the total interest be?


◦ Two one-year CDs returning $120 interest
◦ Two one-year CDs returning $160 interest
◦ One two-year CD returning $180 interest
◦ One two-year CD returning $1,900 interest
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by wrbasek0 on Apr 13, 2019

jharrington11

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Reply #1 on: Apr 13, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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wrbasek0

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Reply 2 on: Apr 13, 2019
Thanks for the timely response, appreciate it

ryhom

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Reply 3 on: Yesterday
Gracias!

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