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An investor has accumulated $ 7 , 7 0 9 and is lookinv for the best rate of return that can be earned over the
An investor has accumulated $ and is lookinv for the best rate of return that can be earned over the next year. A bank savings account will pay A oneyear bank certificate of deposit will pay but the minimum investment is $
A Calculate the amount of return the investor would earn if the $ were invested for one hear at
B Calculate the net amount of return the investor woukd earn if $ were borrowed at a cost of and then $ were invested for one year at
C Calculate the net rate of return on the investment of $ if tge investir acceptabthe strategy of part b
Round answer to decimal places
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