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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 $7,709 and is lookinv for the best rate of return that can be earned over the next year. A bank savings account will pay 8%. A one-year bank certificate of deposit will pay 10%, but the minimum investment is $10,000.
A. Calculate the amount of return the investor would earn if the $7,700 were invested for one hear at 8%.
B. Calculate the net amount of return the investor woukd earn if $3,000 were borrowed at a cost of 18%, and then $10,700 were invested for one year at 10%.
C. Calculate the net rate of return on the investment of $7,700 if tge investir acceptabthe strategy of part b.
Round answer to 2 decimal places

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