Question
Assume that you have $10,000 to invest in a term deposit. In this situation, explain which of the three (3) deposits listed below (a. -
Assume that you have $10,000 to invest in a term deposit. In this situation, explain which of the three (3) deposits listed below (a. - c.) you would select if the selection strategy is totally depend on the higher percentage per annum (per year).
- a)a 90-day deposit that has a maturity value of $10,250.
- b)a 130-day deposit that has a maturity value of $10,390.
- c)a 145-day deposit that has a maturity value of $10,420.
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Calculus
Authors: Dale Varberg, Edwin J. Purcell, Steven E. Rigdon
9th edition
131429248, 978-0131429246
