129

D 3. Nancy just had a cute baby girl. Nancy is planning to save for her daughter's college expenses, and she is considering a certified deposit(CD) offering APR 2.4% with monthly compounding or a time deposit account offering an EAR of 2.41%. Question 9 5 3 (a) If you are Nancy's financial advisor, which one of the above two deposit accounts would you suggest to her? Why? Edit Format Table 12pt v Paragraph BIU A BV TV